The sale priced shares at $24 each, the report said citing people familiar with the matter.
(Reporting by Jyoti Narayan in Bengaluru; Editing by Sandra Maler)
(Reuters) - Elon Musk's tunneling enterprise The Boring Company has sold shares owned by employees and investors at a price over 22% higher than in a funding round for the company last year, The Information reported on Monday.
The sale priced shares at $24 each, the report said citing people familiar with the matter.
(Reporting by Jyoti Narayan in Bengaluru; Editing by Sandra Maler)
Mr. Elon R. Musk is a Chief Executive Officer at The Boring Co., a Technoking of Tesla at Tesla, Inc., a Chief Executive Officer & Director at Space Exploration Technologies Corp., a Chief Executive & Technology Officer at Spacex SA and a Co-Chairman at OpenAir, Inc. He is on the Board of Directors at Tesla, Inc., Space Exploration Technologies Corp., Endeavor Group Holdings, Inc. and Musk Foundation. Mr. Musk was previously employed as a Trustee by California Institute of Technology, a Chairman by SolarCity Corp., a Chairman & Chief Executive Officer by PayPal, Inc., a Founder by Zip2 Corp., a Co-Founder by Neuralink Corp., a Co-Founder by OpenAI, Inc., a Non-Executive Director by Surrey Satellite Technology Ltd., and a Trustee by X PRIZE Foundation. He also served on the board at Everdream Corp. He received his undergraduate degree from the University of Pennsylvania and an undergraduate degree from The Wharton School of the University of Pennsylvania.
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