SpaceX mulls $150 billion share sale - sources

STORY: SpaceX is in talks to offer a share sale that could value the company up to $150 billion.

That's according to sources close to the matter.

They told Reuters that Elon Musk's rocket and satellite company would offer mostly secondary shares and aim to help employees and shareholders cash out.

That view appears to contradict earlier information from another source.

They had said the offering would raise up to $1 billion for SpaceX through a new share issuance.

Talks with potential investors put the share price at around $85, according to the sources.

But they said the situation is still fluid and any share sale plan could still change.

Bloomberg first reported the proposed funding round on Tuesday (November 15).

Musk tweeted that was false, without providing details.

SpaceX did not respond to a request for comment.

The strong investor interest comes on the back of a good year for the firm.

It saw its first launch in more than three years for its large Falcon Heavy rocket.

It also aims to launch its giant Starship rocket system into orbit for the first time in December.