SpaceX in talks to raise nearly $1 billion at $150 bln valuation

Billionaire Elon Musk’s SpaceX is in talks to raise nearly $1 billion in a new round that would value the rocket-launch and satellite company at about $150 billion, sources told Reuters.

The ongoing talks offer SpaceX’s share at about $85 apiece, up from the $125 billion valuation the company fetched earlier this year, sources said, suggesting strong investors’ appetite while many late-stage venture capital-backed startups have to cope with valuation cut.

Bloomberg News first reported the raise on Tuesday. SpaceX did not respond to a Reuters request for comment.