SpaceX Plans to Raise $750 Million at $137 Billion Valuation

SpaceX is an American aerospace company that has helped usher in the era of commercial spaceflight. It was the first private company to successfully launch and return a spacecraft from Earth orbit and the first to launch a crewed spacecraft and dock it with the International Space Station (ISS).

Andreessen Horowitz, the Silicon Valley venture capital firm, will likely lead the new funding round. Early SpaceX investors included Founders Fund, Sequoia, Gigafund and many others.

SpaceX, the rocket maker and satellite internet company headquartered in Hawthorne, California, was formed by entrepreneur Elon Musk in 2002. SpaceX has launched numerous cargo payloads and astronauts to the International Space Station for the National Aeronautics and Space Administration (NASA). The company is currently continuing development of its Starship and Super Heavy launch vehicles at the company’s Starbase facility in Boca Chica, Texas.

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