SpaceX Pursues Funding with $150 Billion Valuation

Elon Musk Tesla CEO [Photo by AP Yonhap News]

[Asia Economy Reporter Jeong Hyunjin] SpaceX, the private space exploration company operated by Elon Musk, who also runs Tesla and Twitter, is reportedly pursuing approximately $1 billion in new funding at a valuation of $150 billion (about 198 trillion KRW), Bloomberg reported on the 15th (local time).

Bloomberg, citing multiple sources familiar with the matter, stated that SpaceX is seeking to secure funding at around $85 per share. This is about a 20% increase compared to the first half of this year when the company was valued at $125 billion at $70 per share.

Investors will acquire SpaceX shares either by purchasing existing shares offered for sale by equity-holding employees or by subscribing to new shares issued by the company.

Bloomberg, referencing data from market research firm CB Insights, projected that if SpaceX achieves the expected $150 billion valuation in this funding round, it will surpass China’s ByteDance, the parent company of TikTok, to become the world's largest private company by valuation.

However, CEO Musk responded to the article on Twitter, calling it "False."

This content was produced with the assistance of AI translation services.