Elon Musk's SpaceX Now Valued at $125 Billion - Report

SpaceX employees are looking to sell shares through a private placement that would value the spacecraft engineering company at roughly $125 billion, according to Bloomberg.

Employees are offering the shares in a tender at $70 apiece, the report said, compared to a split-adjusted sale in October that valued the company at approximately $100 billion, or $56 per share.

It remains unknown whether Musk is offloading shares as a part of the employee tender.

The billionaire has been striving to secure funds from various investors to finance his acquisition of Twitter. However, Musk suggested that he could buy the social media platform at a lower price if the company fails to back its claims that the number of spambot accounts represents just 5% of its total users.

By Senad Karaahmetovic

You May Also Be Interested In

• Tesla Crash Into Texas Home Now Under Federal Safety Probe - WSJ
• HII wins $418M Navy contract for shipboard elevator maintenance
• Tango Therapeutics adds Robert Azelby to its board of directors