SpaceX Raises $1.68 Billion at $125 Billion Valuation

SpaceX is an aerospace manufacturer and space transportation and communications services corporation. The company’s goal is to reduce space transportation costs and enable Mars colonization. Among the company’s products are Falcon 9, Falcon Heavy launch vehicles, Dragon cargo, and Starlink communications satellites.

SpaceX sold the equity to a group of 74 investors. The money raised will be used to help to complete Starship rocket development, build-out Starlink broadband internet satellite constellation, as well as continue the employment of aerospace engineering talents.

SpaceX, the USA, was founded by Elon Musk in 2002. In 2008, the first Falcon 1 was launched. Falcon 9 and Dragon cargo were launched in two years. In 2020 the first private space vehicle Crew Dragon was launched with 2 astronauts on board. Last year the company presented the Starship prototype, it became the highest rocket in the world. Earlier, a day ago, the company received clearance from FAA (Federal Aviation Administration) that the Starship development site does not significantly impact. Overall, FAA imposed on Starship over 75 conditions. “…one step closer to the first orbital flight test of Starship,” SpaceX posted on Twitter. Since 2019 Starlink satellite unit has launched 2600 satellites to space, aiming to provide internet broadband worldwide.

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