The Falcon 9 rocket launched a batch of Starlink satellites on April 29, 2022.
SpaceX
SpaceX is raising a huge round of new funding, CNBC has learned, sending a private company valuation of about $ 127 billion.
The space company is looking to raise up to $ 1.725 billion in new capital at a price of $ 70 per share, CNBC reported on Friday. In particular, SpaceX split the stock price 10 for 1 in February, reducing common stock to $ 56 per share – with a new estimate representing a 25% increase.
SpaceX is also conducting secondary sales to company insiders and existing shareholders of up to $ 750 million in common stock. The company regularly conducts these secondary offers as a way for longtime shareholders to sell stakes, given that SpaceX has remained private for more than 20 years since its inception.
Details of the infusion were not previously reported. The New York Post reported for the first time that SpaceX is seeking to attract more funding, and noted, citing unnamed sources, that there is still “little demand” for capital increases.
The company’s valuation has grown over the past few years as SpaceX has raised billions to fund work on two capital-intensive projects: the next-generation Starship rocket and its global satellite Internet network Starlink.
A round of funding for the company comes at a time when founder and CEO Elon Musk is involved in sexual harassment allegations reportedly by former flight company SpaceX. The billionaire dismissed the claims against him as “wild accusations”. It is reported that the flight attendant did not sue SpaceX, and in 2018 reached an agreement to withdraw $ 250,000.
