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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

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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.