Slash Boxes

SoylentNews is people

SoylentNews is powered by your submissions, so send in your scoop. Only 19 submissions in the queue.
posted by Fnord666 on Friday July 28 2017, @08:51PM   Printer-friendly
from the now-that's-some-cheddar dept.

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.

Original Submission

This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by n1 on Saturday July 29 2017, @12:20AM

    by n1 (993) on Saturday July 29 2017, @12:20AM (#546053) Journal

    Capital intensive is how you explain that your 8 year old 'start-up' company loses money and will continue to do so for the foreseeable future. This helps to get a funding round, boost share prices or both. You can then talk about economies of scale and market disruption building the future to forecast profits beyond that.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2