703000 / 1000000

Space X Program

164 Countries, Over the world. - 120 Month(s)

Elon Musk’s SpaceX reached a valuation of $100 billion after a sale of its shares on the secondary market, a person with knowledge of the matter said.

The shares were offered at $560 each, the person said, 33% above the $420-a-share price in a February funding round that valued the company at $74 billion. 

 

Space Exploration Technologies Corp., as the company is formally known, didn’t immediately respond to requests for comment. 

 

The secondary sale comes ahead of the Hawthorne, California-based company’s third rotation of astronauts for NASA on Oct. 30. It gives SpaceX a higher market value than the roughly $97 billion of Lockheed Martin Corp., the world’s largest pure-play defense contractor.

SpaceX already sits among the world’s most highly-valued private companies, a list that includes China’s ByteDance and Stripe. A secondary transaction in June valued Stripe at $152 billion, according to data from PitchBook.