Elon Musk’s SpaceX hits $100 billion valuation

elon musk's spaceX

Elon Musk’s SpaceX valuations crossed the $100 billion mark after a secondary share sale. According to a media report, a secondary share sale by the insiders was announced this week, after which the company hit the mark. With this SpaceX also became the second-most valuable private company in the world!

SpaceX has a deal with new investors to sell around $755 million in stocks at $560 a share. This has increased the company’s valuation to over $100 billion.

The new share price is a 33% increase from SpaceX’s last valuation.

The new valuation has made Elon Musk’s SpaceX into one of the world’s rare private companies with a valuation of $1 billion unicorn 100 times over! SpaceX is now the world’s second highly evaluated private company after China’s Bytedance.

Elon Musk’s very own Tesla also saw a shareholder’s meet and the most important things discussed included the relocation of Tesla’s headquarters. After the shareholder meeting, Tesla stock has fallen -1.05% and is currently trading at 785.30 USD (-8.31 points).

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