SpaceX raising $750 million at a $137 billion valuation, investors include Andreessen-Horowitz

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SpaceX raising $750 million at a $137 billion valuation, investors include Andreessen-Horowitz
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Last year, SpaceX achieved several new milestones but faced further delays to its Starship program.

According to an e-mail sent to prospective SpaceX investors, Andreessen Horowitz will likely lead the new funding round. Early SpaceX investors included Founders Fund, Sequoia, Gigafund and many others.of Twitter, a $44 billion deal that closed in late October 2022.Last year, SpaceX achieved several new milestones but faced delays to its Starship program, which is part of NASA's effort to bring astronauts back to the moon.

On the upside, the company's satellite internet service, Starlink, exceeded 1 million subscribers and provided a lifeline to users in Ukraine who suffered infrastructure disruptions after Russia's invasion. SpaceX also managed to surpass 60 reusable rocket launches in a single year via its Falcon program.

The company is currently continuing development of its Starship and Super Heavy launch vehicles at the company's Starbase facility in Boca Chica, Texas. It's not clear when the company will move to the next step of the program, which entails an orbital launch test of these larger vehicles. As Musk has repeatedly sounded off about geopolitical issues on Twitter, NASA Administrator Bill Nelson recently asked SpaceX President and COO Gwynne Shotwell whether his "distraction" as the new owner and CEO of Twitter might affect SpaceX's work with the space agency,NASA is now considering whether SpaceX can help rescue residents on the International Space Station, including an astronaut and two cosmonauts with Russia's...

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