SpaceX, the ambitious space exploration company spearheaded by tech visionary Elon Musk, just wrapped up a fresh round of funding worth $350 million. Known for its mission to aid humanity's settlement on Mars, the company now boasts a valuation of $21 billion, positioning it as one of the highest-valued privately held firms globally.
This significant financing update was shared through an open filing by Equidata, a private equity marketplace, though SpaceX has chosen not to comment officially at this time. According to research firm CBinsights, this latest influx of capital has propelled SpaceX into an exclusive club of seven global giants with valuations exceeding $20 billion. These include well-known names like Uber, Airbnb, WeWork, Palantir, Drip Trip, and Xiaomi.
The new injection of funds has nearly doubled SpaceX’s valuation since its last major raise in 2015, when it secured $1 billion from investors including Fidelity Investments and Google. Other notable backers over the years include the Venture Capital Founders Fund and DFJ.
Under Musk’s guidance, SpaceX continues to push boundaries in both satellite deployment and deep-space travel. Recently, they successfully relaunched their Falcon 9 rockets after a setback last September, which saw a rocket explode at the launchpad resulting in damages estimated at $200 million. Since then, they’ve already carried out 10 successful launches and aim to complete at least another 10 by year-end. A more powerful Falcon Heavy rocket is also slated for liftoff later this year, followed by plans for a manned lunar mission next year.
Last month, on June 3rd, SpaceX made headlines once again when its Falcon 9 rocket launched from the Kennedy Space Center in Florida, carrying a Dragon spacecraft into orbit—a testament to their resilience and technological prowess. As they continue to innovate and expand their portfolio, SpaceX remains at the forefront of reshaping how we interact with outer space.
For those following closely, keep an eye out for further developments as this trailblazing organization strives towards making interplanetary travel a reality while setting records here on Earth.
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