Spacecraft manufacturer SpaceX has pushed its valuation to $74bn, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.
SpaceX, the US-based spacecraft producer and launch services provider backed by internet technology group Alphabet as an investor, has raised $850m in fresh funding, CNBC reported on Tuesday.
The round is thought to value SpaceX at $74bn and the company’s shares sold for $419.99 in the transaction. Concurrently, unnamed existing backers sold $750m worth of shares in a secondary transaction.
None of the investors or selling shareholders have been identified and SpaceX did not respond to a request for comment…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
