CNBC reported on Sunday that the company is looking for up to $1.725 billion in new funding, which would make it one of the most valuable U.S. startup.
A commercial mission is planned for April 8, 2022, at the Kennedy Space Center.
CNBC reported that an internal company email said that if the deal closes, it could drive the company's valuation up to $127 billion.
CNBC reports that the company is conducting a stock sale to prior investors and company executives.
The New York Post reported on Wednesday that there was very little demand for additional funding for the company.
According to unnamed sources, the company could be the most valuable startup in the US if sales of its shares in the secondary market drive its valuation to $125 billion.
A request for comment was not immediately responded to by the company.
According to Insider, a $250,000 settlement was paid to a former flight attendant to resolve allegations of sexual harassment against Musk. Musk called Insider's source a liar and denied the allegations.
Musk founded the company in 2002 and has helped lead the commercialization of space. Morgan Stanley analysts projected in 2020 that the company's valuation could rise dramatically due to its repeated success in winning contracts from the Department of Defense and NASA, and the company has raised billions of dollars in capital in recent years to fund its Starship rocket. The first space mission with no professional astronauts aboard was sent by the company in September of 2021. In April, the first all-private crew to visit the International Space Station was launched by the company, and it marked NASA's first collaboration with a private company for a space tourism mission.
The value of private investor transactions is said to be $100 billion.
All Rights Reserved © 2024
