A report by CNBC says SpaceX has been valued at $100.3 billion (100X a unicorn) in a secondary sale of shares by insiders.

Existing investors in Elon Musk’s space start up SpaceX have agreed to sell up to $755 million in stock at $560 a share, according to CNBC, which quoted multiple people familiar with the deal. The secondary share sale, a transaction in which the company does not receive any capital, valued SpaceX at $100.3 billion and capped the amount of saleable shares at $755 million.

SpaceX: Valuation milestone

That valuation is a 33% jump since February, when SpaceX raised $850 million in new capital. In August 2020, the start-up scored a nearly $2 billion raise at a valuation of $46 billion.

At its latest valuation, SpaceX is a centicorn, or a $1 billion unicorn X 100 times. Globally, it is the second most valuable private company, the first being China’s Bytedance.

The space startup is currently implementing its Starship and Starlink projects. Starship is space capability to ship humans and materials to as far as Mars, while Starlink is a global constellation of 30,000 satellites for providing internet services anywhere in the world.

Musk’s stake in SpaceX

StreetInsider reported Musk has a 43.61% holding in SpaceX as at end of August, based on FCC filings, with voting control of nearly 78%.

At the current valuation that holding is worth $43.7 billion.

Related Story: SpaceX Rakes In $850M New Capital At $74B Valuation

Image: Crew-2 Mission by Flickr