Elon Musk’s SpaceX in talks to raise funds worth $ 44 billion: Bloomberg News


SpaceX CEO and owner Elon Musk celebrates after the launch of a SpaceX Falcon 9 rocket and Crew Dragon spacecraft on NASA’s SpaceX Demo-2 mission to the International Space Station from NASA’s Kennedy Space Center in Cape Canaveral, Florida, USA, May 30, 2020. REUTERS / Steve Nesius TPX PICTURES OF THE DAY

(Reuters) – Billionaire Elon Musk’s SpaceX is seeking to raise new capital with a valuation of about $ 44 billion, Bloomberg News reported Thursday, citing people familiar with the matter.

The company is in talks with investors to raise around $ 1 billion at a price of $ 270 a share, the report said, adding that the round is unlikely to be completed in the next two months and that terms could change. . (bloom.bg/32M8h2v)

SpaceX did not immediately respond to a request for comment from Reuters.

SpaceX’s Crew Dragon capsule took NASA astronauts Bob Behnken and Doug Hurley to the International Space Station in May, marking the first US space capsule to do so with a crew since 2011.

The private rocket company also raised $ 346.2 million in May at a valuation of approximately $ 36 billion.

Musk is also the CEO of electric car maker Tesla Inc (TSLA.O)

Tesla posted a profit for four consecutive quarters on Wednesday, a condition for it to be considered for the stock index of the largest US companies.

Akanksha Rana reports in Bangalore; Devika Syamnath and Aditya Soni edition

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