{"id":128689,"date":"2021-10-08T10:22:40","date_gmt":"2021-10-08T17:22:40","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2021\/10\/elon-musks-spacex-hits-100-billion-valuation-after-secondary-share-sale"},"modified":"2021-10-08T10:22:40","modified_gmt":"2021-10-08T17:22:40","slug":"elon-musks-spacex-hits-100-billion-valuation-after-secondary-share-sale","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2021\/10\/elon-musks-spacex-hits-100-billion-valuation-after-secondary-share-sale","title":{"rendered":"Elon Musk\u2019s SpaceX hits $100 billion valuation after secondary share sale"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/elon-musks-spacex-hits-100-billion-valuation-after-secondary-share-sale2.jpg\"><\/a><\/p>\n<p>The valuation of <a href=\"https:\/\/www.cnbc.com\/elon-musk\/\">Elon Musk\u2019s<\/a> SpaceX crossed $100 billion following a share sale by existing investors announced this week, CNBC has learned.<\/p>\n<p>SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from insiders at $560 a share, according to multiple people familiar with the deal \u2014 increasing the company\u2019s valuation to $100.3 billion. The company did not raise new capital at this time, sources said, with the purchase offer representing a secondary sale of existing shares.<\/p>\n<p>The new share price is an increase of 33% from <a href=\"https:\/\/www.cnbc.com\/2021\/02\/16\/elon-musks-spacex-raised-850-million-at-419point99-a-share.html\">SpaceX\u2019s last valuation of $74 billion at $419.99 a share in February<\/a>, when the company raised nearly $1.2 billion. The company had a similar secondary transaction in February, with a deal for insiders to sell up to $750 million at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The valuation of Elon Musk\u2019s SpaceX crossed $100 billion following a share sale by existing investors announced this week, CNBC has learned. SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from insiders at $560 a share, according to multiple people familiar with the deal \u2014 increasing [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2019,1514],"tags":[],"class_list":["post-128689","post","type-post","status-publish","format-standard","hentry","category-elon-musk","category-space-travel"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/128689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=128689"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/128689\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=128689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=128689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=128689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}