According to CNBC, Alon Musk’s SpaceX valuation has surpassed $ 100 billion following the sale of current investors’ shares this week.
SpaceX has reached an agreement with new and current investors to sell up to $ 755 million in shares at a price of $ 560 per share, bringing the company’s total value to $ 100.3 billion.
According to sources, the firm has not yet raised any fresh cash.
SpaceX is now one of the few private firms in the world to be classified as a “centcorn” or “ketocorn,” a word for a corporation worth more than $100 billion.
Musk’s SpaceX is currently the world’s second most valuable private corporation.