SpaceX raises $750 million at $137 billion valuation

SpaceX raises $750 million at $137 billion valuation

CNBC reported late Monday that Elon Musk’s SpaceX is seeking $750 million from investors including Andreessen Horowitz.

Reuters reported in November that SpaceX was in discussions for a secondary share offering that could value the business at $150 billion, a 20% rise.

In June, SpaceX announced that it had successfully secured around $1.68 billion via equity financing. Some of SpaceX’s investors include Alphabet and Fidelity Investments.

There was no quick response from a SpaceX or Horowitz representative to a request for comment from Reuters. Horowitz participated in Musk’s $44 billion takeover of Twitter as an investor.

For NASA, SpaceX has successfully delivered a wide variety of cargo and crewmembers to the ISS (NASA).

Starlink, SpaceX’s developing network of internet satellites, aims to generate considerable money with commercial uses including high-speed internet aboard commercial airplanes.

When Reuters sought comment from SpaceX and Horowitz, neither company responded immediately. For his part, Horowitz was a financial backer of Musk’s $44 billion acquisition of Twitter.

SpaceX has successfully carried a broad range of cargo and crewmembers to the ISS for NASA (NASA).

The goal of SpaceX’s Starlink internet satellite network is to generate substantial revenue via commercial applications such as delivering high-speed internet aboard commercial airplanes.

Jeff Bezos’ Blue Origin and Richard Branson’s Virgin Galactic compete with SpaceX.

SpaceX acquired a Twitter ad package for Starlink in November.Elon Musk runs both the rocket company and the social media network. He said that the ad package was bought to try out Twitter ads in Australia and Spain.