SpaceX is raising $750 million in a new round of funding that would value the company at $137 billion, according to a report by CNBC.
The reusable rocket maker raised $2 billion last year, including a $250 million round in July, and it was reported an equity round in May valued the company at $127 billion.
Last month, Bloomberg reported that SpaceX was allowing insiders to sell shares at $77 per unit, which would place the valuation at $140 billion. An email seen by CNBC, sent to prospective investors, suggests Andreessen Horowtiz will lead the new funding round.
SpaceX was perhaps the most successful of all of Elon Musk’s companies last year. The company hit several milestones although faced some delays to its Starship program, which will form part of NASA’s mission to take astronauts back to the moon. Its Falcon program managed to launch more than 60 reusable rockets in a single year. According to Musk, the company is planning more than 100 launches this year.
The company’s Starlink service, which provides internet via satellites, surpassed 1 million subscribers and was used successfully by Ukrainians facing infrastructure outages as a result of the Russian invasion. Starlink terminals are also reportedly active in Iran, where there has been mass unrest.
SpaceX is currently continuing the development of its Starship and Super Heavy launch vehicles at its facility in Texas, but it’s not clear when either of the vehicles will make their way to the next stage of testing, an orbital launch.
This week the NASA administrator Bill Nelson claimed the United States is engaged in a space race with China. Nelson said if China were to win the race it could dominate lunar resources in the future. He believes the contest will intensify over the next two years. SpaceX and other private space companies will play an important role in NASA’s efforts to win that race.