SpaceX could hit $127B Valuation with Latest 1.7 bln Funding round



SpaceX, the space exploration company of the world's richest billionaire Elon Musk, is conducting a new round of fundraising.  The valuation of the company that SpaceX expects in this fundraising round is about $127 billion - according to CNBC news.

SpaceX, the space exploration company of the world's richest billionaire Elon Musk, is conducting a new round of fundraising.  The valuation of the company that SpaceX expects in this fundraising round is about $127 billion - according to CNBC news.

SpaceX could hit $127B Valuation with Latest 1.7 bln Funding round

SpaceX could hit $127B Valuation with Latest 1.7 bln Funding round / ph: SpaceX


The company intends to raise $1.725 billion in new capital.  The valuation of the company in this deal increased by 25% compared to the previous fundraising.

In addition to raising capital from outside, SpaceX also conducted a stock sale to employees in the company and existing investors which is expected to raise $750 million.  SpaceX regularly conducts crowdfunding like this as a way for longtime shareholders to sell stocks, given that SpaceX is still a 20 years old private company.

SpaceX's valuation has skyrocketed in recent years as the company has successively raised "billions of dollars" to pour into large capital-intensive projects, including the next-generation Startship rocket ship and the Internet.  Global Internet coverage via satellite called Starlink.

SpaceX could hit $127B Valuation with Latest 1.7 bln Funding round

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