SpaceX’s Valuation To Rise To Nearly $24B After Series I Round

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SpaceX’s Valuation To Rise To Nearly $24B After Series I Round
SpaceX-Imagery / Pixabay

SpaceX’s valuation is set to increase to as much as $23.7 billion following the company’s latest fundraising round. If all of the 3 million shares that have been authorized under this latest Series I fundraising round are issued, Elon Musk’s commercial spaceflight company will likely become the third-most valuable startup backed by venture capital in the U.S., reports Bloomberg, citing information from Pitchbook Data.

SpaceX’s valuation on the rise

TechCrunch and Recode were among the first to report that SpaceX authorized another Series I fundraising round, citing a certificate of incorporation that was filed in Delaware and seen by Prime Unicorn Index creator Lagniappe Lab