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Funds News

Elon Musk's SpaceX in talks to raise funds at $44 bln valuation - Bloomberg News

July 23 (Reuters) - Elon Musk’s SpaceX is looking to raise new capital at a valuation of about $44 billion, Bloomberg News reported on Thursday.

The company is in discussions with investors about raising about $1 billion at a price of $270 a share, Bloomberg News reported, citing people familiar with the matter. (bloom.bg/32M8h2v)

SpaceX did not immediately respond to Reuters’ request for comment. (Reporting by Akanksha Rana in Bengaluru; Editing by Devika Syamnath)

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