Elon Musk’s SpaceX has been valued at $350bn in a new deal to purchase employees’ shares, making the rocket and satellite maker the world’s most valuable private start-up.
SpaceX and its investors will purchase $1.25bn of the company’s existing common shares at $185 a share, said four people with knowledge of the transaction. That marks a 65 per cent leap in its share price since its most recent deal in September, when employees sold shares for $112 apiece.
SpaceX will purchase about $500mn of the shares with the rest of the capital provided by outside investors, the people said. The deal was first reported by Bloomberg.
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