SpaceX valuation to hit at least $60 billion in new funding round – Business Insider

FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk gestures after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke/File Photo

(Reuters) – Elon Musk’s rocket company SpaceX could be valued at a minimum of $60 billion as it finalizes a funding round expected to close in February, Business Insider reported on Thursday, citing three people familiar with the matter.

The latest round is expected to price each share between $325 and $350, the report said. (bit.ly/39rlnoU)

The report added while details of the deal are still being ironed out, it is possible that SpaceX’s valuation could reach as much as $92 billion, up from a $46 billion valuation in a funding round in August.

SpaceX did not immediately respond to a Reuters request for comment.

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