October 30, 2020

Kup

News Updates Everyday

Spacex space company is worth 44 billion U.S. dollars

Spacex space company is worth 44 billion U.S. dollars

SpaceX, the space company owned by Tesla CEO Elon Musk, will receive a new round of investment of .44 billion U.S. dollars. This was reported by the bloomberg news agency on Thursday, citing insiders surrounding the talks. SpaceX hopes to raise a billion dollars from investors.

Space Exploration Technologies, as SpaceX says in full name, last raised money in March, when investors paid out 220 dollars per share, which is worth a company-wide value of 36 billion dollars. In recent talks with investors, SpaceX is betting on USD 270 per share.

Lately, SpaceX has been in the news time and time again. At the end of May, the company launched the first private manned space mission, which went primarily to the International Space Station (ISS). The company also developed a cargo spacecraft for the ISS, from which a manned version for the mission was derived. SpaceX is also betting on reusability, which has led to the success of its Falcon 9 launchvehicle by reducing costs. It is also setting up a satellite network for broadband Internet.

Us bank Goldman Sachs recently wrote in a report that SpaceX could reach as high as 175 billion dollars. The company has so far raised about 3.5 billion U.S. dollars from investors.

Photo: REUTERS