SpaceX will raise $750 million in a new funding round that values the company at $137 billion. The Andreessen Horowitz Foundation is considered the main investor in the new funding round.
Last month, SpaceX allowed insiders to sell shares for $77 a share, bringing the company’s valuation closer to $140 billion. It was previously reported that the company raised more than $2 billion in 2022, including a $250 million round in July, and was valued at $127 billion. dollars during the stock round in May.
Andreessen-Horowitz’s (A16z) fund will lead the new funding round, according to an email sent to potential SpaceX investors. SpaceX’s early investors included the Founders Fund, Sequoia, Gigafund, and many others.
A16z was also involved in Elon Musk’s $44 billion buyout of Twitter, which ended at the end of October 2022.
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SpaceX scored several milestones last year but faced delays in its Starship program, which is part of NASA’s effort to get astronauts back to the moon. On the other hand, Starlink’s satellite internet service now has over 1 million active subscribers and has been a lifesaver for users in Ukraine who suffered infrastructure disruptions following the Russian invasion. SpaceX also surpassed its own record with 60 launches in 2022.
SpaceX carried out its 60th launch in 2022, twice as many as in 2021. The first 54 satellites of the updated Starlink network went into orbit
The company is now continuing development of its Starship and Super Heavy launch vehicles at Starbase in Boca Chica, Texas. It remains to be seen when the company will move on to the next phase of the program, which involves testing orbital launches.
Since Musk has repeatedly commented on geopolitical issues on Twitter, NASA Administrator Bill Nelson recently asked SpaceX President and COO Gwynn Shotwell if his “distraction” could affect SpaceX’s collaboration with the space agency. Nelson was assured that he could not.
NASA is also considering using SpaceX to rescue astronauts on the ISS, including two representatives from Roscosmos. In December, a Russian Soyuz capsule “leaked an unknown substance” and an investigation is underway to determine if the spacecraft can safely return the crew home or if emergency measures need to be taken.
Source: CNBC
