SpaceX speeds past a $30b valuation (CNN)

SpaceX is in the midst of a funding round that has already pulled Elon Musk’s rocket company past a $30 billion valuation.

The new capital cements SpaceX’s position as one of the highest-valued private startups in the world, according to several firms that track private startups.

SpaceX disclosed its latest funding round in a financial filing posted Thursday. The company has sold $273 million worth of shares to eight investors. That accounts for just over half of the shares it put up for sale last month in a $500 million funding round.

If SpaceX sells all of them, the company will be worth $30.5 billion. The new valuation and funding round were reported earlier by the Wall Street Journal. It’s not clear when the company’s deadline is to sell the remaining shares. Read more