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SpaceX, the private space transportation company, has struck a deal to sell up to $755 million in stock from insiders at $560 a share to new and existing investors, which increased the valuation of the company to $100.3 billion, the report said, citing multiple people familiar with the deal

Elon Musk’s SpaceX hits $100 billion valuation

Elon Mask’s rocket company Space Exploration Technologies Corp or SpaceX’s valuation has crossed $100 billion following a share sale by existing investors announced this week, CNBC reported on Friday

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Published - Oct 08, 2021, 10:10 PM ET
Last Updated - Jun 05, 2024, 03:01 AM EDT
By Arghyadeep Dutta, 4:30 pm ET:

• SpaceX’s valuation jumped to $100.30 billion following a secondary share sale by insiders

• The company struck a deal to sell up to $755 million in stock from at $560 a share

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