Sources familiar with the matter tell Bloomberg that Magic Leap is hoping to ship its debut product to a small group of users within the next six months. The headset will reportedly sell for between $1,500 and $2,000 although the target price point could change, they added.
In the interim, the company is reportedly looking to add to the more than $1.3 billion in funding it has already brought in.
Sources tell the publication that Temasek Holdings Pte., an investment company out of Singapore, is considering taking part in a new round of funding of more than $500 million at a valuation of nearly $6 billion. The last funding round valued the start-up at $4.5 billion.
Both Magic Leap and Temasek Holdings declined to comment.
While Magic Leap hasn’t shied away from demonstrating what its technology is capable of, some have criticized the company for being a bit too secretive and taking a long time to get its product to market.
Insiders tell Bloomberg that Magic Leap’s headset will be larger than a pair of glasses yet smaller than current-generation virtual reality headsets like the Oculus Rift and HTC Vive. Users will also be required to tote around a puck-shaped device that’ll wirelessly feed processing and other data to the glasses.