Elon Musk's SpaceX nears $150 billion valuation after secondary share sale

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watch now The valuation of Elon Musk's SpaceX hit near $150 billion following a share sale by existing investors announced this week, CNBC has learned. SpaceX has an agreement with new and existing investors to sell up to $750 million in stock from insiders at $81 a share, according to a copy of the purchase offer sent by CFO Bret Johnsen on Thursday, which CNBC obtained. The company did not announce a raise of new capital at this time, with the purchase offer representing a secondary sale of existing shares. Musk in April said that the company does "not anticipate needing to raise funding" to further bolster the programs for Starship, Starlink and other initiatives. SpaceX typically performs these secondary rounds about twice a year, to give employees and other company shareholders a chance to sell stock. A Starship prototype stands on the company's launchpad in Boca Chica, Texas on March 16, 2022. SpaceX watch now