Space Exploration Technologies Corporation, better known as SpaceX, is ready to gear towards greater heights - currently discussing with numerous investors to raise capital, that is according to a report by Aljazeera citing various anonymous sources privy to the matter.
Talks are kept under wraps for the final points that have been set to be finalized but sources say that the company is eyeing for at least to come up with $1 billion in the capital at a price of $270 per share. Discussions are set to carry on in the coming months with the possibility of the provisions changing overtime during the said period.
This comes after the last time the company has raised funds last March which amounted to $500 billion.
As of writing, the company and its representatives are yet to share their official statement regarding the matter.
We reported here earlier that the company has an estimated valuation of $175 billion. This figure was cited in a report on CNBC.
The report cited the company’s Starlink venture wherein it composed most of its valuation. If it deems to be a success, it is seen to generate its first free cash flow in 2033.
SpaceX is the only private company to be able to send astronauts to space aboard Falcon 9 in its partnership program with the National Aeronautics and Space Agency (NASA). Established in 2002, the company’s notable investors include Google, Fidelity, and Valor Equity Partners, to name a few.