SpaceX, the Elon Musk-led company that recently became the first business in history to send astronauts into Earth’s orbit, is parlaying its successes into big money.
According to public filings and data aggregated by the venture capital data firm Crunchbase, the company recently completed a $1.9 billion funding round.
It is one of the biggest single investment campaigns by any private company. That brings the overall value for SpaceX to $46 billion.
SpaceX now ranks third on a list of so-called “unicorns,” which are privately held startups with valuations topping $1 billion, according to data from the venture capital analysis firm CB Insights.
The only two startups valued higher than SpaceX are two Chinese tech giants. It is a rideshare company Didi Chuxing and TikTok parent company ByteDance.
Valuing privately held companies is a matter of guesswork.
The reason is they are generally not obligated to publicly share their financial information. And also, companies negotiate new investments behind closed doors.
SpaceX Does Not Make Its Financial Data to the Public
SpaceX does not make its financial data available to the public.
Wall Street has recently turned an increasingly skeptical eye toward “unicorns” that balloon in value. Meanwhile, they’re privately held, only to flop once they’re listed on the stock market.
Anderson said there are usually more interested investors when SpaceX raises funds than there are incentives to invest. In addition, that has been true during this latest funding round.
This makes current investors satisfied because it means their shares in SpaceX will continue to grow in value.
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