SpaceX’s worth skyrockets to $46 billion after $1.9 billion funding boost from Fidelity, others
Last month, we wrote about SpaceX after it was reported that Elon Musk’s space company was in talks to raise $1 billion funds at a $44 billion valuation. Now according to the latest SEC filing, SpaceX has raised $1.9 billion in funding. The financing, which pushes the company’s valuation to $46 billion, was backed by Fidelity and other investors. The latest funding ranks as SpaceX’s largest-ever funding.
In May, SpaceX made history to become the first private company to send humans to the International Space Station. On May 30, NASA and SpaceX launched two NASA astronauts into space from American soil after nearly a decade.
As we wrote earlier today, SpaceX was one of three prime contractors selected by NASA to develop the Artemis Human Lunar Landing System. The other two companies are Jeff Bezos’ Blue Origin and Dynetics (a subsidiary of Leidos). According to NASA, SpaceX will develop the Starship – a fully integrated lander that will use the SpaceX Super Heavy rocket.
Founded in June 2002 by Elon Musk, SpaceX is a space-transportation startup company. SpaceX designs, manufactures, and launches advanced rockets and spacecraft. develops crew and cargo capsules, engines, cryogenic tank structures, avionics, equipment, guidance, and control software.
SpaceX’s achievements include the first privately funded liquid-propellant rocket to reach orbit (Falcon 1 in 2008), the first private company to successfully launch, orbit, and recover a spacecraft (Dragon in 2010), the first private company to send a spacecraft to the International Space Station (Dragon in 2012), the first propulsive landing for an orbital rocket (Falcon 9 in 2015), the first reuse of an orbital rocket (Falcon 9 in 2017), the first private company to launch an object into orbit around the Sun (Falcon Heavy’s payload of a Tesla Roadster in 2018), and the first private company to send astronauts to the International Space Station (Dragon 2 in 2020).
SpaceX’s Crew Dragon capsule delivered NASA astronauts Bob Behnken and Doug Hurley to the International Space Station in May, marking the first U.S. space capsule to do so with a crew since 2011.
Back in May, SpaceX raised $346.2 million at a valuation of about $36 billion. The founder, Elon Musk, is also the CEO of Tesla, the world’s most valuable car company.