Magic Leap Valuation to Grow to $6B

Bloomberg reports that AR headset startup Magic Leap is in the process of raising a new financing round of more than $500M at the valuation close to $6B. The company has already raised more than $1.3B in the previous rounds valuing it at $4.5B.

"According to people familiar with the company’s plans, the headset device will cost between $1,500 and $2,000, although that could change. Magic Leap hopes to ship its first device to a small group of users within six months, according to three people familiar with its plans."