SpaceX chasing $250M investment, value climbs $3B to $36B

Michael Sheetz reports for CNBC that SpaceX is seeking a new round of funding to the tune of a quarter billion dollars:

The company is seeking to bring in about $250 million at a price of $220 a share, according to people familiar with the financing. The new raise would value SpaceX at around $36 billion, up from $33.3 billion previously. The round is not expected to close until the second week of March, those people told CNBC, and includes an equivalent purchase offer to existing SpaceX shareholders.

Too bad SpaceX isn’t a publicly traded company, but there’s a chance the Starlink satellite business could be spun out as an investment opportunity.