SpaceX is in talks to raise ত 125 billion in fresh funds

(Bloomberg) – Elon Musk’s SpaceX is raising a fund that will cost the launch and satellite company $ 125 billion, according to people familiar with the matter.

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According to CBIInsites, the funding round will give SpaceX the impression that it is the most valuable US startup on record.

This is a leap from its final valuation of 100 100 billion, which the company reached a funding round late last year, a person added, requesting that the matter not be identified as private.

Employees are proposing to sell shares through a private placement at the same valuation while investors are negotiating to buy new shares in the company, people said. It is not uncommon for large private companies to sell secondary shares in conjunction with regular funding rounds.

The shares are being offered at a so-called employee tender of $ 70 each, people said. It compares to a split-adjusted $ 56-a-share, valued at about $ 100 billion at the time of the October sale.

It is not clear if the mask employee is selling the stock as part of the tender, people said. The size of the offer could not be immediately determined.

Read more: Musk wants to cancel Tesla margin loans with new Twitter funding

SpaceX did not respond to a request for comment. The New York Post has previously reported share-placement plans.

Musk is seeking various funding sources to complete its deal to buy Twitter Inc. On Tuesday, he announced that he would not proceed with the deal unless the social media company could prove that bots are less than 5% of its users.

(Updated with new information on initial capital increase starting from paragraph 1)

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