Silicon Valley investment giant Andreessen Horowitz is expected to lead the round in Elon Musk’s satellite internet and reusable rocket company. (CNBC)
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Silicon Valley investment giant Andreessen Horowitz is expected to lead the round in Elon Musk’s satellite internet and reusable rocket company. (CNBC)
Talking point: Bloomberg reported in December that the firm was offering to sell insider shares at US$77 apiece, which would value it at about US$140 billion. The round builds on a strong fundraising year for SpaceX in 2022, during which it secured more than US$2 billion. The firm hit other milestones, including surpassing 1 million subscribers for its Starlink internet service and completing a record 61 launches through its reusable rocket program, Falcon. The company had its first launch of 2023 on Tuesday, sending 114 payloads into orbit through its small-satellite rideshare program. While Andreesen Horowitz participated in Musk’s leveraged buyout of Twitter last year, this round would mark its first investment in SpaceX.
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