SpaceX now one of the world’s most valuable companies
Data from a new round of investment capital fundraising says that SpaceX is now valued at $21 billion, placing it among the only six venture-backed companies worth more than $20 billion.
The article also notes that this new valuation is up from the $12 billion listed only two years ago.
Update: As noted by my readers, I have revised the post to note that this story refers not to all companies but to those that obtained their financing privately.
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Data from a new round of investment capital fundraising says that SpaceX is now valued at $21 billion, placing it among the only six venture-backed companies worth more than $20 billion.
The article also notes that this new valuation is up from the $12 billion listed only two years ago.
Update: As noted by my readers, I have revised the post to note that this story refers not to all companies but to those that obtained their financing privately.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
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You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
A launch rate rivaling the rest of the world will do that.
The article states ” just six other venture-backed companies are valued at $20 billion or more around the world.” That’s a long way from “SpaceX now one of the world’s most valuable companies” or ” SpaceX is now valued at $21 billion, placing it among the only six companies worth more than $20 billion.”
The article says SpaceX’s value places it among the six other venture-backed companies worth so much. There are many companies (of other types) throughout the world that are worth far more than $20billion.
Oops, looks like Ted beat me to it!
Thank you Ted and Matt. I have revised the post.
Absolutely amazing considering they are in the development part of the growth curve rather than the revenue part with much greater cost efficiency to come.
I’m miffed that I can’t buy stock even though Elon has plainly stated that profit is not his primary motivation.
I can certainly understand why Musk wants to keep SpaceX private, since he’s pouring all the profits back into development. Stockholders, most of whom are pension funds and mutual funds, tend to want a share of those profits. They also tend to want a say in business plans, to ensure that they get those profits. I’ve worked in both privately held and publicly held companies; the difference is very real.
Oh, it’s easily worth it!
As with media or weapons, your product has more benefits than the cash flow from customers. SpaceX will dominate all space flight and it will be very hard for anyone to catch up. And you all know what is in space, right? Everything!