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 rocket company founded by Elon Musk, is finalizing a $1 billion share sale that would value the company at an astonishing $400 billion, according to a report from Bloomberg. This tender offer allows SpaceX employees to sell shares at $212 each,

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.