SpaceX crosses $100 billion valuation following secondary share sale

According to CNBC, Elon Musk’s SpaceX just crossed a $100 billion valuation. The change results from an agreement with new and existing investors to sell shares at $560 per share. CNBC’s Michael Sheetz reports that this is a 33% increase in share price, following the last sale at $419.99. SpaceX was previously valued at $74 billion. This latest share of sales is not a SpaceX seeking additional capital, as they are all secondary sales of already existing shares.
Read more: https://spaceexplored.com/2021/10/08/spacex-crosses-100-billion-valuation-following-secondary-share-sale/?source=Snapzu