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SpaceX valuation reportedly surges to $74B in $420-a-share fundraise
By Noah ManskarFebruary 17, 2021 | 9:48am | Updated


https://nypost.com/2021/02/17/spacex-valuation-reportedly-soars-to-74b-in-funding-round/


The privately held company’s stock has apparently surged since September, when The Post reported that SpaceX shares were trading as high as $340, up from the $270 it fetched in the August financing round.

SpaceX could no doubt use the money as it expands its Starlink satellite internet network and continues work on its reusable Starship rocket, CNBC noted.

The Hawthorne, California-based company recently said more than 10,000 people are using Starlink, which aims to provide rural areas with high-speed internet through a network of satellites. SpaceX expects the system will cost at least about $10 billion to build before it brings in revenues as high as $30 billion a year, according to CNBC.