Elon Musk's SpaceX is launching a $750 million funding round with Andreessen Horowitz that values the company at $137 billion, report says
Elon Musk's rocket company SpaceX is kicking off a new funding round of $750 million that values the company at $137 billion,The round will likely led by Andreessen Horowitz, also known as a16z, per an email reviewed by CNBC, as the famed venture capital firm reached out to prospective investors. Prior backers for SpaceX include Founders Fund, Gigafund, Sequoia, and others.
Over the last 12 months, SpaceX raised more than $2 billion, including a $250 million funding round in July, when it was valued at $127 billion. had reported in December that SpaceX was allowing shareholders to sell equity at $77 per share, which valued the company at about a $140 billion. Notably, a16z was also a participant in Elon Musk's $44 billion Twitter acquisition, a deal that some
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