Tesla’s Elon Musk in talks to raise funds for SpaceX at $44 billion valuation



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Tesla’s Elon Musk in talks to raise funds for SpaceX at $44 billion valuation

American billionaire Entrepreneur Elon Musk’s space venture SpaceX has been in an advance stage talk to raise fresh liquidity, which in effect would value the company at about $44 billion, a Bloomberg News report published late on Thursday had unveiled.

According to the Bloomberg News report published late on the day, the e-vehicle industry mogul Tesla Inc. chief Elon Musk has been in discussions with potential investors to raise a lump-sum of $1 billion for its space venture, while the Hawthorne, California-based company was offering $270 per share, nonetheless, the report had also added that the fresh financing round for Elon Musk’s SpaceX would unlikely to take place in a near-future and the financial terms of the deal could change.

Nonetheless, while being asked over the issue, neither SpaceX, nor Elon Musk had commented over the issue.

Musk’s rocket company looks to $44 billion in market valuation

Apart from that, latest development on Musk’s space venture SpaceX came forth roughly a couple of months after its Crew Dragon capsule had successfully sent NASA astronauts Doug Hurley and Bob Behnken into the International Space Station, marking up the first such happening for a US-borne space capsule in decades.

In tandem, recent Bloomberg News report on Elon Musk’s SpaceX, which has been planning to launch commercial space travel by 2025, came forth a day after the world’s most-valuable carmaker Tesla Inc., owned by Musk, had surpassed analysts’ expectation for profits in the second quarter of the year, paving the way towards an inclusion into the S&P 500-listed corporate behemoths.

Besides, the space venture of Elon Musk, which had successfully accomplished a NASA mission roughly two months earlier as beforementioned, making it the first privately-owned rocket company to collaborate with NASA in decades to send US capsules into the space, had also raised $346.2 million in May, valuing the company at around $36 billion.