- Andreessen Horowitz seems established to direct a new SpaceX funding round, according to an email it sent to possible investors, CNBC documented.
- The report stated Elon Musk’s rocket firm is eyeing a valuation of $137 billion for the $750 fundraising round.
- In a prior funding round in July, SpaceX was valued at $127 billion.
Elon Musk’s rocket business SpaceX is kicking off a new funding round of $750 million that values the company at $137 billion, CNBC documented Monday.
The spherical will probable led by Andreessen Horowitz, also recognised as a16z, for every an e mail reviewed by CNBC, as the famed enterprise cash agency reached out to future buyers. Prior backers for SpaceX include things like Founders Fund, Gigafund, Sequoia, and some others.
Over the past 12 months, SpaceX elevated extra the $2 billion, together with a $250 million funding round in July, when it was valued at $127 billion.
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Bloomberg had documented in December that SpaceX was allowing shareholders to offer fairness at $77 per share, which valued the company at about a $140 billion.
Notably, a16z was also a participant in Elon Musk’s $44 billion Twitter acquisition, a deal that some Tesla investors have because lamented.
Even with some snags in 2022, SpaceX nevertheless notched milestones, these kinds of as, its satellite web service provider Starlink surpassing 1 million subscribers. Musk also facilitated Starlink as an emergency online company for Ukraine citizens and troopers amid the ongoing war with Russia.
SpaceX, too, also had much more than 60 reuseable rocket launches final calendar year, by using its Falcon plan.
Meanwhile, SpaceX released much more astronauts to the International Space Station, with NASA eyeing a large function including for a return to the moon.
