SpaceX's valuation climbs to $25 billion with new funding round

SpaceX's valuation climbs to $25 billion with new funding round

SpaceX could soon be one of the most valuable VC-based companies thanks to a new round of funding that would also give the net worth of founder Elon Musk a nice bump. That would make the company the third most valuable venture-backed startup in the USA, says Bloomberg.

SpaceX authorized $507 million in Series I shares on April. 5. SpaceX's valuation has more than doubled from $10 billion since 2015. The company raised $450 million in November 2017 on a $20.8 billion valuation.

More news: VW's new chief to outline vision after dieselgate
More news: Syrian government raises flag in Douma - Russian agencies
More news: The Charlotte Hornets Have Fired Steve Clifford After Missing The Playoffs - Again

The company, founded in 2002, has already had six missions in 2018, notably its February demonstration test flight of the Falcon Heavy, a powerful new rocket with three reusable side boosters created to carry heavier payloads. On Monday, SpaceX is slated to launch a Falcon 9 rocket from Cape Canaveral Air Force Station in Florida with a National Aeronautics and Space Administration satellite as the payload. The program to send Falcon 9 back to the Earth was created to ensure that the rocket does not remain floating in orbit and contribute to the already present vast amount of space junk.

Little was known about Zuma, but it was clear after launch that the satellite did not reach orbit and is believed to have plunged back down to Earth, landing in the Indian Ocean.

Related Articles

  • More than 500 injured in latest Gaza protests, Palestinian officials say

    More than 500 injured in latest Gaza protests, Palestinian officials say

    Conricus said Friday that the military is trying to minimize Palestinian casualties, but hadn't changed open-fire regulations. Mubarak is an active member of the Palestine solidarity movement in Ghana who recently led a pro-Palestine march in Accra.
    BC Police Officer Ian Jordan Dies After 30 Years In A Coma

    BC Police Officer Ian Jordan Dies After 30 Years In A Coma

    He responded to the possible break-and-enter instead of going home. "VicPD would like to offer our honest condolences to Const. Ian Jordan was involved in an accident on September 22, 1987, as he responded to a possible break-and-enter on Fort Street.
    Russian military police starts operating in Syria's Douma

    Russian military police starts operating in Syria's Douma

    Assad spoke during a meeting with Ali Akbar Velayati, an aide to Iran's supreme leader. He added it would have an "utterly destructive impact on the Syrian settlement".
  • Citigroup Inc (NYSE:C) Short Interest Rose By 1.14%

    Citigroup Inc (NYSE:C) Short Interest Rose By 1.14%

    In Wednesday, December 20 report Wells Fargo maintained the stock with "Buy" rating. $500,666 worth of Citigroup Inc . ( NYSE :C). Total analysts of 15 have positions in Citigroup ( NYSE :C) as follows: 9 rated it a "Buy", 1 with "Sell" and 5 with "Hold".
    Sara Danius, Swedish Academy head quits Nobel panel

    Sara Danius, Swedish Academy head quits Nobel panel

    The head of the Swedish Academy that awards the Nobel Prize in Literature has stepped down after a sexual abuse scandal. The New York Times reports he's a cultural bigwig in Sweden and married to one of the academy's members.
    Football Manager slides onto Nintendo Switch

    Football Manager slides onto Nintendo Switch

    Aside from some teasing, the game wasn't officially announced before this nor given a date - it's just here. Football Manager is the most realistic, in-depth and immersive football management simulation in the world.
  • Blizzard Conditions Likely Across Most of the Region

    Blizzard Conditions Likely Across Most of the Region

    In the mountains we also have some snow with some places in the northern and central mountains potentially seeing up to 8 inches. As of 6 a.m. a light drizzle rain has fallen over Julesburg and winds are at 12 miles per hour .
    Trump gives vote of confidence to legal team

    Trump gives vote of confidence to legal team

    President Trump promised to strike Syria and warned Russian Federation against supporting Bashar al-Assad. Khuzami, a former head of enforcement at the Securities and Exchange Commission, only joined the U.S.
    16-year-old boy dies after being trapped by minivan seat

    16-year-old boy dies after being trapped by minivan seat

    Authorities said that a classmate called Kyles parents late Tuesday, saying that he did not show up for a scheduled tennis match. In the second call, Plush pleaded with the dispatcher, saying, "I'm trapped inside my gold Honda Odyssey van.
  • Taylor Swift records two songs for Spotify Singles

    Taylor Swift records two songs for Spotify Singles

    Spotify Singles is a series exclusive to the network that allows users to stream the two artist-chosen tracks for a week. Most artists record one original song and one cover.
    'DWTS': Tonya Harding, Mirai Nagasu, Adam Rippon to compete

    'DWTS': Tonya Harding, Mirai Nagasu, Adam Rippon to compete

    While plenty of athletes have previously competed on the show, the upcoming season - which starts Monday, April 30 (7 p.m. Ogunbowale played for the University of Notre Dame and her three point shot won them the 2018 NCAA Championship.
    India's CBI investigates rape allegation against ruling party legislator

    India's CBI investigates rape allegation against ruling party legislator

    At one point, a crowd of Hindu lawyers tried to stop police from entering a court to file charges against the accused men. Kashmir has over 1 million nomadic herders, including the Bakarwals, who mainly tend flocks of sheep, goats and horses.