Investors in this round include Andreessen Horowitz. In June, SpaceX raised about $1.68 billion through equity financing and has previously received investments from Alphabet and Fidelity Investments.
SpaceX's Starlink Network to Generate Major Revenue
SpaceX's growing network of internet satellites, Starlink, aims to generate significant revenue through commercialized applications such as high-speed internet for commercial airlines. In addition to its internet services, SpaceX has also launched cargo payloads and astronauts to the International Space Station for NASA. The company faces competition from Jeff Bezos's Blue Origin and Richard Branson's Virgin Galactic.
SpaceX Valuation Increases by 20% in Funding Round
According to CNBC, SpaceX, the private aerospace company founded by Elon Musk, is reportedly raising $750 million in a funding round that values the company at $137 billion. This represents a 20% increase in Valuation from previous reports in November when Reuters stated that SpaceX was in talks for an offering of mostly secondary shares that could value the company at up to $150 billion.
Andreessen Horowitz Among Investors in SpaceX Funding Round
Andreessen Horowitz is among the investors participating in a $750 million funding round for SpaceX, according to CNBC. The round values the private aerospace company, founded by Elon Musk, at $137 billion. Horowitz was also a co-investor in Musk's Twitter buyout deal worth $44 billion. Spokespeople for SpaceX and Horowitz did not immediately respond to Reuters' requests for comment.
SpaceX Competes with Blue Origin and Virgin Galactic
According to CNBC, SpaceX, the private aerospace company founded by Elon Musk, is raising $750 million in a funding round that values the company at $137 billion. In addition to launching cargo payloads and astronauts to the International Space Station for NASA, SpaceX's growing network of internet satellites, called Starlink, aims to generate significant revenue through commercialized applications such as providing high-speed internet for commercial airlines. SpaceX competes with other private space ventures, including Jeff Bezos's Blue Origin and Richard Branson's Virgin Galactic.
