SpaceX Is Now One of the World’s Most Valuable Privately Held Companies
By KATIE BENNER and KENNETH CHANGJULY 27, 2017
SAN FRANCISCO — SpaceX, the rocket maker founded by billionaire Elon Musk, has raised up to $350 million in new financing
and is now valued at around $21 billion, making it one of the most valuable privately held companies in the world.
With the latest funding round, SpaceX joins an elite club of seven venture-backed companies
valued at $20 billion or more around the world, according to research firm CB Insights.
Meal delivery company Blue Apron went public last month at a market capitalization of $1.9 billion,
which was less than its private market valuation; that has since dropped to around $1.3 billion.
Five companies based in the United States that are valued at more than $20 billion — including Uber, Airbnb
and WeWork — have upended established industries like transportation and real estate.
The two other closely held companies valued at more than $20 billion are in China
— ride-hailing company Didi Chuxing and consumer electronics maker Xiaomi.
SpaceX is best known for Mr. Musk’s goal of colonizing Mars, but it is also a key player in the business of sending commercial satellites into space.
