SpaceX Raises $250 million at $125 Billion Valuation

SpaceX additionally raises $250 million as an extension to its recent round in June. The funding round was led by two investors, one of them is Mirae Asset Global Investments, the company from South Korea. As of now, SpaceX’s pre-money valuation is $125 billion, the highest of all the USA startups; however, the effective valuation of SpaceX is $127 billion.

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, 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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