Elon Musk Places SpaceX’s Value At Nearly $24 Billion, In Latest Filing Report

By  //  April 12, 2018

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Musk, 46, also founded electric car maker Tesla

REPLAY: SpaceX Falcon 9 Rocket Launch From Cape Canaveral Highlights in 3 minutes.

(FOX BUSINESS) – Elon Musk’s SpaceX placed its valuation at nearly $24 billion this month in a filing related to its latest round of financing, according to a report Thursday.

The California-based rocket company disclosed that it had authorized another $500 million in financing from investors by selling 3 million shares at $169 apiece, Recode reported, citing information from Lagniappe Labs, which initially obtained the filing. That would place SpaceX’s valuation at $23.7 billion.

Fidelity, Google, and Peter Thiel’s Founders Fund are among SpaceX’s leading backers, the report added. The valuation would establish SpaceX as the third-most-valuable private company in the U.S., behind only Airbnb and Uber.

Musk, 46, also founded electric car maker Tesla, as well as The Boring Company, which digs tunnels to facilitate Hyperloop mass-transit technology. Tesla has a valuation of about $55 billion, according to recent company filings, and shareholders recently approved a plan to compensate Musk with $2.6 billion in stock incentives if the company reaches certain financial targets.

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