The report says SpaceX’s valuation has reached $100 billion
SpaceX CEO Elon Musk said that the market value of the space launch service provider under his name has reached $100 billion. The amount was confirmed based on last month’s assessment report, marking that SpaceX’s valuation has risen sharply in just a few months after completing the latest round of financing and raising more than $1 billion in funds.
“Elon Musk Dreaming of a Brighter Future” by jurvetson is licensed under CC BY 2.0
Recently, Elon Musk responded to a tweet on his Twitter account that criticized his company for accepting government subsidies three years ago. According to a 2015 report by the Los Angeles Times, Tesla, SpaceX, and SolarCity Corp. (a supplier of solar products that have been acquired by Tesla) received a total of $4.9 billion in US government subsidies. Some netizens borrowed the content of this report to criticize Elon Musk for over-promoting his company’s technical strength in order to increase the stock price. Elon Musk said in a tweet that $4.9 billion is less than 0.4% of the total market value of more than $1.2 trillion in his company.
In its report for the fourth quarter of 2020, Baron Funds, an investment fund, stated that it purchased $26 million in preferred shares of SpaceX. At that time, SpaceX was valued at approximately $44 billion. After 15 months, its value has more than doubled its original value. In addition, Baron Funds also invested in SpaceX through other means, with a total amount of approximately $185 million.
In a new round of financing in February this year, SpaceX raised $1.2 billion in funds. The relevant documents submitted to the government supervision department at that time showed that Elon Musk owns about 43.61% of SpaceX. If calculated at $100 billion, the current market value is about $43.6 billion.
