SpaceX reportedly raises $850M in new funding – TechCrunch

SpaceX has raised a new round of funding, according to a new report by CNBC, totaling $ 850 million, citing sources associated with the case. The new capital brings the company’s total valuation, which is still privately held, to about $ 74 billion Report.

This is a huge round, by most standards – but not by SpaceX itself. The space launch company, which was founded in 2002, has raised more than $ 6 billion in total, including this latest injection, which included a $ 2 billion venture last August. That funding was invested at a valuation of $ 46 billion, meaning that the value of the company, at least in the eyes of private investors, diverged considerably in six months.

SpaceX has accomplished a lot between now and then, including building its StarLink broadband planetarium for more than 1,000 active satellites; Launching its first operational NASA crew in the International Space Station aboard the Dragon spacecraft; The launch of not one, but two high-altitude flight tests of its starship spacecraft with relatively good results; And launched its first dedicated rideshare mission, demonstrating the feasibility of a large potential new group of launch customers.

While the company has gained a lot on the back of its existing capital, its recent successes have no doubt been a good basis for going out of it and getting more. It is likely to be of good use, as it still has a lot of work to do, such as the continued development of Starship to prove space-worthiness, and the capital-intensive activity of building Starlink into a true, globe-spanning network. .