The valuation of Elon Musk’s SpaceX crossed $100 billion following a secondary share sale by insiders announced this week, CNBC has learned.
SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from company insiders at $560 a share, according to people familiar with the deal.
The new valuation of $100.3 billion, up from $74 billion in February, means SpaceX has achieved a rare status as a private company: a $1 billion unicorn 100 times over.
