Elon Musk-led SpaceX is reportedly looking to raise funds by selling shares at a valuation of $400 billion. Bloomberg News reported, citing people familiar with the matter, that the lofty valuation is derived from several factors,

SpaceX, the private rocket company founded by Elon Musk, is about to sell $1B worth of shares, a move that would slap a $400B valuation on the company.

SpaceX is discussing plans to raise money and sell insider shares in a deal that means the rocket and satellite company would be worth around $600 billion.