SpaceX: Elon Musk confirms Falcon launch date, company also gets new valuation

28 Juillet, 2017, 14:23 | Author: Marc Bacque
  • SpaceX: Elon Musk confirms Falcon launch date, company also gets new valuation

In terms of valuation, SpaceX now only trails behind Uber (worth $69.8 billion/ £53.4 billion), Airbnb ($31 billion/ £23.7 billion) and analytics company Palantir ($21.3 billion/ £16.3 billion). (SpaceX previously held the sixth spot before Snap, Inc. went public in March.) All five companies are disruptive forces in their respective industries, and also top the world's most valuable startups alongside Didi Chuxing and Xiaomi, as first pointed out by The New York Times.

SpaceX's new financing was disclosed in public filings that were obtained by Equidate, a marketplace for private company stock.

Progress will benefit immensely from the recent funding round that amassed $350 million, as a result of this huge injection SpaceX is now worth $21 billion, putting in among the most valuable private companies in the world.

The latest valuation makes SpaceX one of the top five most valuable private, venture-backed tech companies in the United States, joining Uber ($69.8B), Airbnb ($31B), WeWork ($20.8B), and the less consumer-facing analytics company Palantir ($21.3B).

SpaceX, which is based in Hawthorne, California, is known for ambitious plans to establish humanity's first colony on Mars and putting satellites into space.

Rocket manufacturing has always been exclusively the work of governments and massive legacy aerospace companies - like Boeing and Lockheed Martin's United Launch Alliance - that partner with governments. The general consensus has been always that space exploration is very expensive kind of business and fraught with too many risks.

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Musk started SpaceX in 2002.

The commercial rocket Falcon 9, lifted off from Kennedy Space Center in Florida, reported CNN.

It then proved it can safely complete trips to the International Space Station - all for a lot less money than its competitors. So far a static launch has been conducted with the Heavy model.

The company has had its setbacks.

SpaceX has made ten space missions to the ISS under the NASA's space cargo resupply contract.

However, it resumed work in January of this year and has already had 10 successful launches, with plans to launch a Falcon Heavy rocket by the end of the year. When that rocket is operational, based on current specs, it'll become the most powerful launch vehicle on the market.

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