valued or up to $92 billion! SpaceX firm finalised a new round of financing

Musk’s space exploration technology company is SpaceX discussing a new round of financing with investors to double its valuation to $92 billion, media sources quoted people familiar with the matter as saying. SpaceX hope to complete this round of financing in January next year.

Negotiations are still at an early stage, the scale of financing has not yet been determined, the terms are still likely to change, and it may take several weeks to decide. And the rocket maker may not be able to convince investors that SpaceX should be valued at twice as much as it was in the latest round of financing about four months ago.

People familiar with the matter said,

To be honest, it’s a bit of a shock to me double its valuation in six months? But people don’t seem to care about the size of SpaceX business, which is a bit crazy. In the usual financing, each round of valuation may be only 10% to 20% increase.

SpaceX completed its latest round of $1.9 billion in financing in August, when it was valued at $46 billion. Since then, the company has become one of the world’s most valuable private companies.

A new round of financing, SpaceX is in the critical moment of rapid development. SpaceX’s first commercial manned launch mission took place last month when it successfully launched its falcon 9 rocket, sending four astronauts to the international space station.

Last week, SpaceX conducted its first high-altitude test of its latest spacecraft prototype SN8 in southern Texas, designed to send humans to the moon, Mars and other destinations. Although the spacecraft exploded when it landed, Musk thought the flight test was successful, SpaceX there were two starship test planes close to completion, and Musk had said it was likely to make its first orbit flight in 2021.

The California-based company has also signed a contract with U.S. NASA to build a space shuttle that will allow humans to land on the moon as part of a NASA Artemis plan. The plan aims to send astronauts to the moon by 2024, with the ultimate goal of building a permanent lunar base and then aiming for a trip to Mars.

SpaceX is also building its Starlink satellite network to provide global broadband Internet services from near-Earth orbit, in addition to manned spaceflight.

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