SpaceX mulling secondary share sale at $150 billion valuation: Report

Elon Musk's rocket and satellite company SpaceX is in talks about an offering of mostly secondary shares that could value the company at up to $150 billion, representing a 20% increase in valuation, sources told Reuters.

The offering would be aimed at helping employees and shareholders cash out, two of the sources said. That view appears to contradict earlier information from a separate source that the offering would raise up to $1 billion for SpaceX via a new share issuance.

Talks with potential investors are centering around a price of $85 apiece for SpaceX shares, up from a split-adjusted $70 per share