Elon Musk’s SpaceX Now Valued at $125 Billion

SpaceX employees are looking to sell shares through a private placement that would value the spacecraft engineering company at roughly $125 billion, according to Bloomberg.

Employees are offering the shares in a tender at $70 apiece, the report said, compared to a split-adjusted sale in October that valued the company at approximately $100 billion, or $56 per share.

It remains unknown whether Musk is offloading shares as a part of the employee tender.

The billionaire has been striving to secure funds from various investors to finance his acquisition of Twitter (NYSE:). However, Musk suggested that he could buy the social media platform at a lower price if the company fails to back its claims that the number of spambot accounts represents just 5% of its total users.

By Senad Karaahmetovic