SpaceX Seeks $75B in Share Sale, Valued at $1.77 Trillion
SpaceX plans to raise $75 billion by selling 555.6 million shares at $135 each, according to an SEC filing. The deal values the rocket company at $1.77 trillion, making it the seventh most valuable U.S. firm, ahead of Tesla.
SpaceX, Elon Musk's reusable rocket company, is seeking to raise $75 billion through a share sale, according to a filing with the Securities and Exchange Commission. The company plans to sell 555.6 million shares at $135 apiece.
The deal would value SpaceX at approximately $1.77 trillion, placing it as the seventh most-valuable U.S. company, ahead of Tesla. The filing provides a rare public glimpse into the financial valuation of the privately held space exploration firm.
Source: First Squawk