SpaceX Employees Offer to Sell Shares at $125 Billion Valuation
(Bloomberg) -- SpaceX employees are offering to sell shares via a private placement that would value Elon Musk's launch and satellite company at around $125 billion, according to people familiar with the matter.
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The shares will be offered in a so-called employee solicitation at $70 each, the people said, asking not to be identified as the details are private. This compares to a split-adjusted $56 per share on an October sale at a valuation of approximately $100 billion.
It's unclear if Musk is selling any stock as part of the employee posting, the people said. The size of the offer could not be determined immediately.
READ ALSO: Musk To Eliminate Tesla Margin Loan With New Twitter Funding
SpaceX has not responded to a request for comment outside of regular business hours. The New York Post previously reported on the stock placement plan.
Musk has sought a variety of funding sources to complete his agreement to purchase Twitter Inc. On Monday, he suggested the deal for the social media platform could be completed at a lower price, days after he questioned Twitter's ability to estimate how many accounts are spam or fake.
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