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SpaceX Hits $100 Billion Valuation from Secondary Sale

By
Berber Jin
· · Source: CNBC

Investors agreed to purchase $755 million worth of existing SpaceX stock at $560 a share, giving the aerospace company a valuation of $100 billion, CNBC reported. The secondary sale reflects intense demand for SpaceX, which last raised $1.2 billion in an April funding round that valued it at $74 billion. The company runs tender offers where existing investors can offload their shares every six...

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