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The Guardian - UK
The Guardian - UK
Science
Dan Milmo Global technology editor

SpaceX valued at $350bn as company agrees to buy shares from employees

SpaceX X Elon Musk Donald Trump Tesla Inc. United States
A SpaceX Falcon 9 rocket lifts off from the Kennedy Space Center in Cape Canaveral on 5 December.
A SpaceX Falcon 9 rocket lifts off from the Kennedy Space Center in Cape Canaveral on 5 December. Photograph: John Raoux/AP

Elon Musk’s rocket company SpaceX and its investors have agreed to buy shares from its employees, valuing the business at $350bn (£275bn).

The privately owned US business, in which Musk owns a 42% stake, and its backers are buying the stock at $185 a share, up from $112 a few months ago, according to an internal email seen by Bloomberg.

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