Wednesday, February 17, 2021

SpaceX Lands $850M, Now Worth $74 Billion

Hawthorne, California-based SpaceX has completed raising $850M in new funding, boosting the valuation of the company to an astounding $74 billion, according to CNBC. The funding--which has not been announced by SpaceX--apparently valued SpaceX at $419.99 per share, and is a steep rise from its previous round in August, which valued SpaceX at $46 billion. CNBC cited "people familiar with the financing" in reporting the funding effort. The valuation of SpaceX would far exceed the valuation of any technology startup in Southern California's recent history.

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