SpaceX is reportedly trying to raise a funding round that values the space exploration company at $150 billion, multiple reports, including one from Bloomberg, confirmed on Tuesday. The report cited “people with knowledge of the matter” and people who “requested anonymity and were discussing confidential information.” The valuation is a boost from the $125 billion the company had earlier this year. Terms have not yet been finalized and are subject to change, Bloomberg noted. The shares are being discussed at $85 each, which is higher than the $70 price at which the company was last funded. It appears that employees will be able to sell in the funding round, as Bloomberg also noted: “Investors can buy new SpaceX shares at the same time employees sell through a private placement or offering, at the same valuation…” Elon Musk responded to the report on Tuesday, calling it “false” on Twitter, without providing additional details as to why the report was incorrect. SpaceX did not respond to Bloomberg’s request for comment ahead of publication. The news will be welcomed by the Ontario Teachers’ Pension Plan Board, who are early investors in SpaceX. The pension fund was most recently in the news for the $95 million collapse of FTX. Maybe they can offload some SpaceX stock to try to offset the carnage in cryptocurrencies… From Zerohedge.com More top reads from Oilprice.com:
