SpaceX Seeks $750 Million in New Funding Round Led by Andreessen Horowitz

SpaceX, the innovative private spaceflight company founded by Tesla CEO Elon Musk, is reportedly looking to raise $750 million in a new funding round. According to CNBC, the funding round will be led by Andreessen Horowitz and values the space business at a staggering $137 billion.

This news comes hot on the heels of reports that SpaceX allowed insiders to sell at $77 per share. In fact, the company raised an impressive $2 billion in funding last year, including a round that valued the company at $127 billion.

It’s no secret that SpaceX has been making major strides in the industry, and the company’s satellite internet service, Starlink, has reportedly exceeded one million subscribers. With such impressive achievements under its belt, it’s no surprise that SpaceX is seeking additional funding to continue pushing the boundaries of space exploration.

It’s worth noting that Andreessen Horowitz has previously backed Musk in his successful bid to take Twitter private. With the backing of such a reputable investor, it’s clear that SpaceX is well on its way to even greater success.

As the space industry continues to evolve and expand, we can’t wait to see what the future holds for SpaceX and its ambitious plans. Keep an eye out for updates on the company’s latest funding round and all the exciting developments to come.