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SpaceX To Raise $750 Million At $137 Billion Valuation

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SpaceX, the company of Elon Musk SpaceX has raised $750 million from a new round of financing that puts SpaceX's rocket and satellite business at $137 billion by investors like Andreessen Horowitz.

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SpaceX is in discussions about the possibility of a secondary offering of shares, which could value SpaceX at around $150 billion, which is an increase of 20% in value.

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SpaceX had raised $1.68 billion via an equity-based financing program in the month of June.

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Spokespersons from SpaceX as well as Horowitz were not immediately available to Reuters the reporter's requests for information.

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Horowitz was also an investor in Musk's Twitter buyout of $44 billion.

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SpaceX has launched many cargo payloads as well as astronauts into space. International Space Station for the NASA.

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Starlink is looking to generate substantial revenue from commercialized services like the introduction of high-speed internet on a commercial airline.

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SpaceX is competing with Amazon CEO Jeff Bezos's venture into space, Blue Origin, and billionaire Richard Branson's Virgin Galactic.

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