SpaceX Valuation Reaches $74 Billion USD After Raising $1.16 Billion USD in Equity Financing

After securing $1.9 billion USD last August.

By
Tech 
2,398 Hypes 3 Comments

SpaceX is now one step closer — at least financially — to putting human beings on Mars.

According to Reuters, a recent amended regulatory filing from the private rocket company indicates that it had raised $1.16 billion USD in equity financing over the last two months, bringing its overall valuation to $74 billion USD. The new injection of money also comes shortly after SpaceX secured $1.9 billion USD last August from its largest round of funding yet.

Despite the additional funds, Elon Musk‘s company seems to still be struggling over recent months on the technical front, with four of its most recent Starship test launches all ending in fiery explosions. The chain of test failures has led the U.S. House of Representatives Transporation and Infrastructure Committee to launch investigations into whether SpaceX had violated its test license and safety regulations.

Elsewhere in business-related news, Southeast Asia’s Grab app is set for a $40 billion USD valuation.

Read Full Article

What to Read Next

SpaceX's SN10 Starship Explodes Minutes After Successful Launch and Landing
Tech

SpaceX's SN10 Starship Explodes Minutes After Successful Launch and Landing

A step-up from its SN8 and SN9 predecessors.

SpaceX's Latest Prototype Starship Violently Explodes on Landing
Tech

SpaceX's Latest Prototype Starship Violently Explodes on Landing

Despite a successful launch.

SpaceX Has Launched More Than 1,000 Starlink Satellites Into Orbit
Tech

SpaceX Has Launched More Than 1,000 Starlink Satellites Into Orbit

Now amassing more than 10,000 beta test users.


SpaceX Officially Launches Pre-Orders for Starlink Satellite Internet Service
Tech

SpaceX Officially Launches Pre-Orders for Starlink Satellite Internet Service

Sign-up now for $99 USD per month.

CW Drops 'Superman & Lois' Trailer for Second Half of Season One
Entertainment

CW Drops 'Superman & Lois' Trailer for Second Half of Season One

The series returns on May 18.

Conway The Machine Enlists J.I.D. and Ludacris for New Single "Scatter Brain"
Music

Conway The Machine Enlists J.I.D. and Ludacris for New Single "Scatter Brain"

A cut from the Griselda titan’s upcoming album, ‘La Maquina.’

TheToyZone Renders NERF Blasters Inspired by Popular Video Games
Design

TheToyZone Renders NERF Blasters Inspired by Popular Video Games

From such titles as ‘DOOM,’ ‘Destiny 2,’ ‘Cyberpunk 2077,’ and ‘GoldenEye 007.’


LG's $89,000 USD Rollable OLED R TV Is Now Available Stateside
Tech

LG's $89,000 USD Rollable OLED R TV Is Now Available Stateside

Three years after its debut at CES.

Discord Communities Can Now Be Designated as NSFW
Tech

Discord Communities Can Now Be Designated as NSFW

Stopping users between 13 to 17 from joining those channels and servers.

Canon Previews Its Revolutionary Full-Frame EOS R3
Tech

Canon Previews Its Revolutionary Full-Frame EOS R3

The company’s first model to come equipped with a back-illuminated stacked CMOS sensor.

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Adblock Detected.

We charge advertisers instead of our readers. If you enjoy our content, please add us to your adblocker's whitelist. We'd really appreciated it.