SpaceX reportedly just secured new funding last week. According to a source, the amount reached US $ 850 million and made the company’s valuation skyrocket to $74 billion.
According to the same source, the company raised new funding of US $ 419.99 per share or only a few cents different from US $ 420 when Elon Musk declared the 2018 takeover of Tesla, quoted by CNBC International (17/2/2021).
Company Valuation Up 60%
This funding also makes the company’s valuation increase 60% from the previous round in August. At that time, SpaceX managed to raise US $ 2 billion and a valuation value of US $ 64 billion.
Unfortunately, SpaceX did not immediately comment on the new funding for the company. This new injection of funds coincides with SpaceX, which is currently working on two capital-intensive projects, namely Starlink and Starship.
Two Projects SpaceX
Starlink is a project to build an internet network that is connected to thousands of satellites or called constellations. The company designed this project to deliver high-speed internet to consumers around the world.
SpaceX has previously estimated that Starlink will cost US $ 10 billion or more. The company also believes that the project can generate about three times the initial capital of US $ 30 billion per year or 10 times the annual revenue of the rocket business.
So far SpaceX has explained 1000 Starlink satellites into space. The public beta service will be held for a number of countries, namely the US, Canada and the UK.
As for the Starship is another ambitious project under construction and piloting a prototype in Boca Chica Texas. A number of prototypes have been successfully launched and landed safely after flying as high as 500 feet.
However, the last two test flights failed because they exploded during a landing.
