SpaceX, from American space technology maker Elon Musk, is raising $750 million at a valuation of $137 billion. Andreessen Horowitz is expected to lead the round, CNBC reported, citing a letter to investors.
In December 2022, SpaceX offered internal shares of the company for $77 each. In May 2022, SpaceX sold its shares on the secondary market worth $125 billion. In the summer, the company was valued at $127 billion.
Elon Musk owns nearly 44% of SpaceX, which was founded in 2002. The company is developing the Starlink satellite network to provide broadband internet to Earth.
For the first time that SpaceX can separate Starlink into a separate business and place its shares on the stock exchange, it became known in February 2020.
In the summer of 2022, Musk said that Starlink would not go public until 2025 or later. The project, according to him, needs investments of $20-30 billion to maintain a competitive position.
Author:
karina pardaeva
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
