Space Exploration Technologies Corp. has hit a valuation of more than $100 billion, reported CNBC.
That’s a third more than the last time the Hawthorne, California-based aerospace company raised funding this spring with a $1.2 billion round that valued the firm at $74 billion.
The new valuation didn’t come with another round of funding, however, but a secondary sale of $755 million in existing shares at a rate of $560 each.
SpaceX now ranks as the second-most-valuable private company worldwide behind China’s Bytedance, per CB Insights data.
Read CNBC for more.
Here is other recent funding news from L.A.-area tech companies:
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