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SpaceX valuation to hit at least $60 billion in new funding round - Business Insider

·1 min read
FILE PHOTO: Red carpet for the Axel Springer award, in Berlin

(Reuters) - Elon Musk's rocket company SpaceX could be valued at a minimum of $60 billion as it finalizes a funding round expected to close in February, Business Insider reported on Thursday, citing three people familiar with the matter.

The latest round is expected to price each share between $325 and $350, the report said. (https://bit.ly/39rlnoU)

The report added while details of the deal are still being ironed out, it is possible that SpaceX's valuation could reach as much as $92 billion, up from a $46 billion valuation in a funding round in August.

SpaceX did not immediately respond to a Reuters request for comment.

(Reporting by Chavi Mehta in Bengaluru; Editing by Aditya Soni and Sriraj Kalluvila)