• About
  • Contact
Friday, February 26, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

SpaceX Valuation Reaches $74 Billion with Latest Funding Raise

Abdul Kadir Khan by Abdul Kadir Khan
February 18, 2021
in News
2 min read
0
SpaceX Valuation Reaches $74 Billion with Latest Funding Raise

SpaceX founder Elon Musk

Share on FacebookShare on Twitter

Elon Musk-led SpaceX has raised $850 million in the latest funding round led by Sequoia Capital. This funding round makes the valuation of SpaceX $74 billion. The current funding round saw a jump of 60% in SpaceX valuation.

Details About the Funding Raise by SpaceX

In the latest funding round, Valor Equity Partners, Coatue Management, D1 Capital Partners also participated. As per the CNBC report, Sequoia contributed maximum with a share price of $420. The company also led the last funding round that happened in the summer. SpaceX was valued at $46 billion in the last funding round.

At the beginning of 2020, Venture Capital Firm investment made the SpaceX value $36 billion. As per the insider report, Sequoia has invested more than $600 million in SpaceX. The company has become one of the largest investors in SpaceX.

When contacted, SpaceX did not respond to any queries related to the current funding round. Sequoia also did not show any interest in revealing the details of the investment.

Experts are surprised with Sequoia’s big investment at this stage. Sequoia and SpaceX have a long relationship for the last two decades. Sequoia partner Roelof Botha was also a chief financial officer in Elon Musk founded PayPal.

Sequoia is very enthusiastic about SpaceX new project Starlink. Under this project, SpaceX is planning to start a high-speed internet service that will be space-based.

SpaceX Future Plans and Starlink Project

The company has already started Starlink in the US, UK, and Canada. Currently, around 10000 people are enjoying the Starlink services. Sequoia believes that the project will grow exponentially in the future. The company expects a good return on its investment.

SpaceX has the main objective of creating a life for humans on Mars. The company is currently working on a project to develop a colony for human beings on Mars. This project has attracted so many investors. Till now, the company had raised a total of $6 billion for the Mars project. It does not include the latest round funding raise.

SpaceX is California based company. Mars project is very close to Elon Musk. He is on a mission to start human life over space.

SpaceX private valuation and Tesla’s exponential growth has made Elon one of the richest man in the world. His wealth surge is the fastest in history ever. Experts used to laugh at his ideas at the beginning of 2020. Now, he gets a lot of appreciation for his out-of-the-box ideas.

Previous Post

DMart Surpasses the Rs 2 Trillion Market Valuation

Next Post

Reliance is Set to Acquire MilkBasket for over $40 Million: Report

Abdul Kadir Khan

Abdul Kadir Khan

Abdul Kadir Khan is a Content Writer at Next Big Brand. Hails from UP. Postgraduate in Computer Science. Content Maniac and Trainer. Love to write about startups, Brands, and Trending Tech.

Related Posts

Infra.Market Raise $100 Million to Join Unicorn Club
News

Infra.Market Raise $100 Million to Join Unicorn Club

February 25, 2021
Justdial Launches JD Mart, an Exclusive B2B Sellers Platform
News

Justdial Launches JD Mart, an Exclusive B2B Sellers Platform

February 25, 2021
Innovaccer Joins Unicorn Club with a Fresh Funding of $105 Million
News

Innovaccer Joins Unicorn Club with a Fresh Funding of $105 Million

February 25, 2021
Aditya Birla Fashion Partners with Tarun Tahiliani for Men’s Ethnic Wear
News

Aditya Birla Fashion Partners with Tarun Tahiliani for Men’s Ethnic Wear

February 24, 2021
India's most ethical companies- NBB
News

Infosys, Tata Steel, and Wipro India’s Most Ethical Companies: Ethisphere Study

February 24, 2021
Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round
News

Agritech Startup DeHaat Acquires FarmGuide

February 23, 2021
Next Post
Reliance is Set to Acquire MilkBasket for over $40 Million: Report

Reliance is Set to Acquire MilkBasket for over $40 Million: Report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Grofers

Grofers is the Latest Entrant into the Unicorn Club

2 years ago
Winners! IndiGo and Vistara shine at Airline Awards

Winners! IndiGo and Vistara shine at Airline Awards

2 years ago
Amazon-Food-Delivery-Next-Big-Brand

Amazon To Compete With Zomato & Swiggy With Food Delivery

2 years ago
SBI Cards - next big brand

SBI Cards IPO Comes After Coronavirus Outbreak. Here Is Everything You Need to Know

12 months ago

FOLLOW US

  • 27.8k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Infra.Market Raise $100 Million to Join Unicorn Club
  • Justdial Launches JD Mart, an Exclusive B2B Sellers Platform
  • Innovaccer Joins Unicorn Club with a Fresh Funding of $105 Million

Instagram

Follow Me!

Latest News

Infra.Market Raise $100 Million to Join Unicorn Club

Infra.Market Raise $100 Million to Join Unicorn Club

February 25, 2021
Justdial Launches JD Mart, an Exclusive B2B Sellers Platform

Justdial Launches JD Mart, an Exclusive B2B Sellers Platform

February 25, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.