Bloomberg reports that as a result of the sale of Ilon Musk’s shares of SpaceX on the secondary market, its valuation rose to more than $125 billion.

In October 2021, investors valued SpaceX at $100.3 billion. At the time, the company sold $755 million worth of stock – at $56 apiece with a split-adjusted split of 10 to 1.

At a valuation of $100.3 billion, SpaceX was considered the second most expensive company after China’s Bytedance ($140 billion).

This time, the company’s stock is selling for $72, how much SpaceX has put up for sale is unknown.

Earlier, the New York Post reported that Elon Musk is looking for funding sources to finalize his agreement to buy Twitter.

In early April, Elon Musk bought a 9.2% stake in Twitter. Then he decided to fully buy out the service and reached an agreement with Twitter shareholders on the amount of the deal – $44 billion.