SpaceX valued at $350bn as company agrees to buy shares from employees
by Dan Milmo Global technology editor from on (#6SVNF)
Company and investors to buy up to $1.25bn of stock at $185 a share, up from $112 a few months ago
Elon Musk's rocket company SpaceX and its investors have agreed to buy shares from its employees, valuing the business at $350bn (275bn).
The privately owned US business, in which Musk owns a 42% stake, and its backers are buying the stock at $185 a share, up from $112 a few months ago, according to an internal email seen by Bloomberg.
Continue reading...