Elon Musk's SpaceX is raising $750 million in a new round of funding that values the rocket and satellite company at $137 billion from investors, including Andreessen Horowitz, CNBC reported late Monday.
Reuters had reported in November that SpaceX was in talks
about an offering of mostly secondary shares that could value the company at up
to $150 billion, representing a 20 percent increase in valuation.
SpaceX, which counts Alphabet and Fidelity Investments among
its investors, had raised about $1.68 billion through equity financing in June.
Spokespersons for SpaceX and Horowitz did not immediately
respond to Reuters' requests for comment. Horowitz was also a co-investor in
Musk's Twitter buyout deal worth $44 billion.
SpaceX has launched numerous cargo payloads and astronauts
to the International Space Station for the National Aeronautics and Space
Administration (NASA).
Starlink, SpaceX's growing network of thousands of internet
satellites, is looking at generating major revenue with commercialised
applications such as the rollout of high-speed internet on commercial airlines.
SpaceX competes with Amazon founder Jeff Bezos's space venture
Blue Origin and billionaire Richard Branson's Virgin Galactic.
Back in November, it was reported that SpaceX bought an
advertising package on Twitter for its satellite internet service Starlink.
Elon Musk, who owns the rocket company and the social media platform that is
seeing an exodus of advertisers, said the ad package was purchased to test
effectiveness of Twitter advertising in Australia and Spain. © Reuters