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SpaceX’s Valuation Climbs to $25 Billion With New Funding Round

  • Set to become third-most valuable venture-backed U.S. company
  • Company authorized raising $507 million on April 5: PitchBook
Bloomberg business news

Here's How Elon Musk Plans to Send Tourists to Space


The value of Elon Musk’s Space Exploration Technologies Corp. keeps reaching new heights.

The rocket maker authorized a $507 million fundraising round on April 5 at a valuation of about $25 billion, according to PitchBook Data. With that increase in SpaceX’s worth, Musk’s fortune would rise about $1.4 billion to $21.3 billion, according to Bloomberg Billionaires Index calculations.