$150 billion

Expected value of Elon Musk’s SpaceX once it raises funding round

Elon Musk’s SpaceX is in talks to raise a funding round that values the rocket-launch and satellite company at more than $150 billion, people familiar with the matter said. The transaction being discussed represents a jump from the $125 billion valuation the company commanded earlier this year, the people said, asking not to be identified discussing confidential information.

Shares are being offered at roughly $85 apiece, up from a split-adjusted $70 during the last funding effort, according to the people. Investors may buy new shares in SpaceX at the same time employees sell via a private placement, or tender offer, at the same valuation, they said.