SpaceX is reportedly raising $750 million in a new funding round, which values the company at $137 billion, according to sources. Andreessen-Horowitz is expected to lead the funding round, with other investors including Founders Fund, Sequoia, and Gigafund. This follows the company’s $2 billion in funding raised in 2022, including a $250 million round in July, and its $127 billion valuation in an equity round in May. It was previously reported that SpaceX allowed insiders to sell at $77 per share, which would have valued the company at approximately $140 billion.
SpaceX, the reusable rocket and satellite internet company founded by Elon Musk, is looking to raise $750 million in a new funding round that would value the company at $137 billion, according to reports obtained by CNBC. The funding round is expected to be led by Andreessen Horowitz (a16z), which also participated in Musk’s leveraged buyout of Twitter for $44 billion in October 2022. Previous funding rounds for SpaceX, which has more than one million subscribers to its Starlink satellite internet service, have valued the company at $127 billion and $140 billion. In 2022, the company achieved 60 reusable rocket launches through its Falcon program and provided a lifeline to users in Ukraine who suffered infrastructure disruptions after Russia’s invasion. NASA is considering whether SpaceX can assist in rescuing residents on the International Space Station, including an astronaut and two cosmonauts with Russia’s Roscomos after a Soyuz capsule experienced a coolant leak in December.
SpaceX, the space exploration and satellite internet company founded by Elon Musk, is seeking to raise $750 million in a new funding round that values the company at $137 billion, according to reports obtained by CNBC. The round is expected to be led by Andreessen Horowitz (a16z), which was also involved in Musk’s leveraged buyout of Twitter for $44 billion in October 2022. SpaceX previously raised more than $2 billion in 2022, including a $250 million round in July, and was valued at $127 billion in an equity round in May. The company’s early investors included Founders Fund, Sequoia, and Gigafund.
SpaceX’s efforts in 2022 included progress on the development of its Starship and Super Heavy launch vehicles at the company’s Starbase facility in Boca Chica, Texas, though the timeline for the next steps in the program, including an orbital launch test, is uncertain. The company also experienced delays with its Starship program, which is intended to support NASA’s plan to bring astronauts back to the moon. However, SpaceX saw success with its satellite internet service, Starlink, which gained over one million subscribers and provided connectivity in Ukraine following infrastructure disruptions caused by Russia’s invasion. Additionally, the company’s Falcon program achieved 60 reusable rocket launches in a single year. SpaceX and Andreessen Horowitz (a16z) did not immediately respond to requests for comment.
NASA Administrator Bill Nelson recently inquired about the potential impact of Elon Musk’s Twitter activity on SpaceX’s work with the space agency, to which SpaceX President and COO Gwynne Shotwell reassured him there would be no such effect, according to NBC News.
Currently, NASA is evaluating whether SpaceX can assist with rescuing the residents of the International Space Station, including an astronaut and two cosmonauts with Russia’s Roscomos, following a coolant leak in Russia’s Soyuz capsule in December. An investigation is ongoing to determine the feasibility of safely returning the crew home or if emergency measures will need to be implemented.