- SpaceX is talking with investors to raise another round of funding, even though it recently raised a $1.9 billion round in August, according to two people with knowledge of the deal.
- SpaceX is looking to double its valuation from the $46 billion valuation of that August round, which would value it at $92 billion. It is expected to close this round of funding in mid to late January, they said.
- One person said the raise “shocked” them, adding: “What company jumps to double its valuation in six months?”
- This year, equity analysts at Morgan Stanley Research said SpaceX could become a $200 billion company if its Starlink satellite-internet service and reusable Starship rocket system take off.
- Are you a SpaceX insider with insight to share? Contact Dave Mosher or Candy Cheng.
SpaceX, the rocket company founded by Elon Musk, is looking to pull in another significant new round of capital after raising $1.9 billion just four months ago, according to two people with knowledge of the deal.
SpaceX is in discussion to double its current valuation from $46 billion to as much as $92 billion, and is looking to close the deal in mid to late January, said the people, who are known to Business Insider but asked not to be identified because the talks are private.
The talks are still in early phases and exact pricing for the fundraising round has not yet been determined, one of the people said. Also, terms could still change and it could take several weeks to decide and firm up allocations, the person added, and SpaceX may not be able to convince investors to give it the lofty valuation that it desires. Allocations refers to which investors will be authorized to buy shares and how much they will pay for those shares.
