SpaceX is planning to raise more money in a new deal that could boost its valuation to nearly $400 billion.
Aerospace company SpaceX is planning to raise more money in a new deal that could boost its valuation to nearly $400 billion, according to Bloomberg. The funding round will include a primary round for new investors and may let some existing shareholders sell their stakes through a tender or secondary offering. This comes as investors grow more confident in SpaceX’s future, especially due to the growing success of its Starlink satellite internet business and the progress of its Starship rocket program.
The company’s value has grown rapidly since it was founded in 2002, when it was worth just $27 million. By 2015, following major investments from Google and Fidelity, the valuation had risen to $12 billion. Continued growth came from the launch and expansion of Starlink, as well as successful NASA contracts, which pushed the valuation to $33.3 billion by 2019 and $46 billion by mid-2020. Momentum continued, with valuations reaching $74 billion in early 2021, surpassing $100 billion by October of that year, and reaching $127 billion in 2022. In 2023, the value rose to $150 billion and then to $210 billion by June 2024. Finally, a secondary sale in December 2024 increased its value to $350 billion.
Elon Musk remains the largest shareholder, owning about 54% of the company and controlling around 78% of the voting power. Other major investors include Alphabet GOOGL -1.37% ? , which owns roughly 7.5% after a major 2015 investment, and Fidelity, which has participated in several funding rounds. Venture capital firms like Founders Fund, Sequoia Capital, Valor Equity Partners, and Baillie Gifford have also played key roles in backing SpaceX. |
