Miguel Mckelvey, Co-founder and Chief Creative Officer, WeWork

image credit : WeWork

WeWork, The American co-working space provider currently valued at a huge $20 Billion has now been reported to be prepping to up its valuation to a huge $35 Billion according to Rajeev Misra, The CEO of Sotfbank’s Investment Advisors who runs the company’s behemoth $100 Billion Vision Fund which has made very huge investments in the startup space as of recent.

WeWork which started 10 years ago to build virtual shared spaces and offices for startups, entrepreneurs and enterprises has gone from a small startup originating in Ney York’s notable SoHo district to a company currently worth $20 Billion with $900 million revenues last year.

If this funding goes through and at this huge valuation, This will make WeWork the second most valued startup in the U.S. after Uber Technologies eclipsing other huge companies like Airbnb and SpaceX currently valued at $31 Billion and $27.5 Billion respectively.

Rajeev Misra who spoke at this year’s CogX Artificial Intelligence Conference that even though WeWork has been currently critcized as being an overvalued Real Estate company, It could be at some point well worth over a huge $100 Billion amidst its huge growth in the offering of a vast array of real estate services.

Whether Softbank would participate in this reported forth-coming funding isn’t clear as it made no comment on participating in the planned investment round for the company.

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