SpaceX nears $175 billion valuation in new funding round

Elon Musk’s SpaceX has approached investors about another tender offer that would value the company at above $175 billion, a Bloomberg News reporter said in a post on X.

Tender volume could go up as it is not finalised that could value the firm even higher, the post added.

SpaceX’s current valuation of about $150 billion makes it one of the most valuable private companies in the world.

Billionaire investor Ron Baron, who according to CNBC owns more than $1 billion worth of shares in the rocket company, last month said that SpaceX will be worth about $500 billion by 2030.

Musk in November had said that Starlink, SpaceX’s satellite internet unit, had achieved cash flow breakeven. Starlink is the world’s largest satellite company and boasts a network of about 5,000 low-Earth orbit satellites. Reuters