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SpaceX Valued at $21 Billion

posted by Fnord666 on Friday July 28 2017, @08:51PM   Printer-friendly
from the now-that's-some-cheddar dept.

takyon writes:

SpaceX is now one of the most valuable privately held companies in the world, joining the likes of Uber, Airbnb, Palantir, WeWork, and Xiaomi:

SpaceX, the rocket maker founded by billionaire Elon Musk, has raised up to $350 million in new financing and is now valued at around $21 billion, making it one of the most valuable privately held companies in the world.

[...] With the latest funding round, SpaceX joins an elite club of seven venture-backed companies valued at $20 billion or more around the world, according to research firm CB Insights. Investors have poured money into the companies, many of which operate capital intensive businesses such as Uber and Airbnb, even as smaller start-ups have gone public and have seen their valuations waver.

[...] SpaceX's latest funding nearly doubles the valuation of the company, which was pegged at around $11 billion when it raised $1 billion from Fidelity and Google in 2015. Previous investors in SpaceX include venture capital firms Founders Fund and DFJ.

Also at SpaceNews, Ars Technica, The Verge, and CNNMoney.

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  • (Score: 0) by Anonymous Coward on Saturday July 29 2017, @01:58AM

    by Anonymous Coward on Saturday July 29 2017, @01:58AM (#546101)

    Uber is capital intensive because they are throwing that capital away at drivers to subsidize the customers and 'outcompete' the competition. The very second they stop doing that, the drivers peel off the Uber stickers and go slap a competitors sticker on their car for whoever is next in line offering subsidies.