Home News SpaceX launches new round of financing, valuing the company at about $...

SpaceX launches new round of financing, valuing the company at about $ 127 billion

34
0

In February, SpaceX split its shares by 10 to 1, lowering its share price to $ 56 per unit – a new 25% increase in valuation.

SpaceX also conducts a secondary sale of shares to insiders and existing shareholders for securities worth up to $ 750 million.

The company makes these secondary offers on a regular basis as a way for long-term shareholders to sell shares, as SpaceX has remained private for more than 20 years since its inception.

Cash infusion details have not been released before.

The New York Post wrote for the first time that SpaceX intends to attract more funds and noted, citing anonymous sources, that the capital increase has been “a high demand” so far.

Read:   The Russians are facing the biggest price hikes in 20 years

The company’s valuation has skyrocketed over the past few years as SpaceX has raised billions to fund work on two high-funding projects: the next-generation Starship rocket and its global Starlink satellite network.

The company’s funding round is taking place when founder and CEO Elon Musk is accused of sexual harassment by a former SpaceX flight attendant.

The billionaire denied the allegations made against him as “crazy accusations”.

It appears that the flight attendant did not sue SpaceX and instead reached an agreement for a $ 250,000 indemnity in 2018.

If you like this article, we look forward to joining the community of readers on our Facebook page, with a Like below:

Read:   Russia cancels government bond issue to facilitate market stabilization. Ruble at its lowest level in weeks
Previous articleIndian steel companies may be forced to cancel European orders for steel products following India’s decision to impose a 15% export tax
Next articleHow to use puff pastry: tips, recipes and more