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SpaceX is seeking additional funding to grow its business and could be worth nearly $ 100 billion, according to a media report.
Business Insider, who first reported the news, said the Elon Musk-led company is aiming for a valuation of $ 92 billion. In August, the company raised $ 1.9 billion at a valuation of $ 46 billion, its largest round of funding to date.
The news channel added that talks with investors are still at an early stage and may not be able to convince investors that the value has doubled since the summer.
A SpaceX Falcon 9 rocket on a supply mission to the International Space Station takes off from pad 39A at the Kennedy Space Center in Cape Canaveral, Florida, Sunday, Dec. 6, 2020. (AP Photo / John Raoux)
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SpaceX has not yet responded to a request for comment from FOX Business.
The Musk-led SpaceX has had a busy few months, both with its rocket operations and with its Internet satellite segment. In addition to launching its own satellites, it has launched satellites for others, most recently one to low Earth orbit for satellite radio company SiriusXM.
It recently conducted a test flight with its Starship SN8 missile that ended in a fireball, although Musk called it a success, saying the company had the necessary data.
In collaboration with NASA, SpaceX also launched the Crew-1 mission in November, the crew’s first rotational flight on a US commercial spacecraft, after it was certified to transport astronauts to the International Space Station.
In May, SpaceX made history by launching NASA astronauts into space from US soil for the first time since 2011, following the retirement of the space shuttle.
Musk has also talked about SpaceX in the context of creating a multi-planetary species of humanity after doing so last month.
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In October, Musk, who once advocated dropping nuclear weapons on Mars to make it more livable, set a four-year timeline for an unmanned SpaceX mission to Mars, but warned that the timeline was “just a guess.”
In 2018, the CEO of SpaceX and Tesla said there was a “70% chance” of moving to Mars, but there was a “good chance” of dying on the way to the Red Planet.
Two years earlier, he had drawn up an ambitious plan to bring human life to Mars. NASA’s long-term goal is to send a manned mission to Mars in the 2030s.
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