SpaceX to raise $750 million at $137 billion valuation - CNBC
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[January 03, 2023]
(Reuters) - Elon Musk's SpaceX is raising $750 million in a new
round of funding that values the rocket and satellite company at $137
billion from investors, including Andreessen Horowitz, CNBC reported
late Monday. |
![](../images/010323PIX/busine73.jpg)
SpaceX logo and Elon Musk photo are seen in
this illustration taken, December 19, 2022. REUTERS/Dado
Ruvic/Illustration |
Reuters had reported in November that SpaceX was in talks about
an offering of mostly secondary shares that could value the
company at up to $150 billion, representing a 20% increase in
valuation.
SpaceX, which counts Alphabet Inc and Fidelity Investments among
its investors, had raised about $1.68 billion through equity
financing in June.
Spokespersons for SpaceX and Horowitz did not immediately
respond to Reuters' requests for comment. Horowitz was also a
co-investor in Musk's Twitter buyout deal worth $44 billion.
SpaceX has launched numerous cargo payloads and astronauts to
the International Space Station for the National Aeronautics and
Space Administration (NASA).
Starlink, SpaceX's growing network of thousands of internet
satellites, is looking at generating major revenue with
commercialized applications such as the rollout of high-speed
internet on commercial airlines.
SpaceX competes with Amazon.com founder Jeff Bezos's space
venture Blue Origin and billionaire Richard Branson's Virgin
Galactic.
(Reporting by Aarati Krishna in Bengaluru; Editing by Sohini
Goswami)
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