Elon Musk’s second-most famous business may soon top his first.
The value of SpaceX has risen to $33.3 billion, people familiar with the company’s recent fundraising. In an amendment of its April fundraising effort, a filing last week from SpaceX showed the company’s latest round brought in $536 million at a price of $204 a share. SpaceX has raised just over $1 billion this year, as the company accelerates fundraising to develop its plan to beam high-speed internet to anywhere on Earth.
Additionally, Musk’s space company is now more valuable than his electric vehicle company. Tesla shares closed down on Friday giving the company a market value of $32.8 billion – just below SpaceX’s valuation.
SpaceX’s valuation has risen steadily as the company has raised funding for rockets, spacecraft and more over the past decade. Most recently, SpaceX was reportedly valued at $30.5 billion.The company has been able to draw investment from private markets with ease, as a person familiar with SpaceX’s fundraising this year said both its equity raises were oversubscribed. In the most recent round, investor demand meant SpaceX could have raised between $300 million to $400 million more than it did, the person said.https://anchor.fm/space-news/support
Are you the creator of this podcast?
and pick the featured episodes for your show.
Connect with listeners
Podcasters use the RadioPublic listener relationship platform to build lasting connections with fansYes, let's begin connecting
Find new listeners
Understand your audience
Engage your fanbase