SpaceX

SpaceX to raise $750 million at $137 billion valuation – CNBC

In June 2022, SpaceX raised around $1.68 billion (or about Rs. 13,900 crores) from equity financing. According to CNBC, late Monday, Elon Musk’s SpaceX will raise $750 million (roughly Rs. 6,200 crores) inside a new round of funding from investors, valuing the rocket & satellite company at $137 billion (about Rs. 11,33,800 crore).

The company might be valued at much as $150 billion (roughly Rs. 12,41,800 crore) through an offering of primarily secondary shares, according to a November report from Reuters. This would be a 20% rise in the company’s estimated value.

In June, SpaceX collected nearly $1.68 billion (or roughly Rs. 13,900 crores) from stock financing, with Alphabet & Fidelity Investments and among investors.

Reuters’ requests for information were not immediately answered by a spokesperson for SpaceX and Horowitz. Horowitz also contributed $44 billion to Musk’s buyout on Twitter as a co-investor (roughly Rs.3,64,260).

For the National Aeronautics and Space Administration, SpaceX has launched numerous people and cargo packages to the International Space Station (NASA).

Starlink, a growing network of internet satellites operated by SpaceX, aims to make significant profits through commercialized uses such as the deployment of high-speed internet in commercial aircraft.

SpaceX is in direct competition with billionaire Richard Branson’s Virgin Galactic and Blue Origin, the space company founded by Amazon founder Jeff Bezos.

It was revealed in November that SpaceX has obtained a Twitter advertising package for their satellite broadband provider Starlink. The ad package was bought, according to Elon Musk, owner of the rocket company or the social media site that is losing advertising, to test the efficacy of Twitter advertising in Australia or Spain.

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