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SpaceX Is Now One of the World’s Most Valuable Privately Held Companies

An anonymous reader quotes a report from The Verge: Elon Musk’s aerospace company SpaceX is now valued at $21.2 billion, knocking off WeWork as the fourth most valuable privately held tech company in America. This skyrocket in valuation comes after another round of funding that raised $351 million for the company. According to Equidate, a marketplace for trading private tech company stocks, SpaceX’s price per share is now $135, up from $96.42 prior to the new funding round. The latest valuation makes SpaceX one of the top five most valuable private, venture-backed tech companies in the US, joining Uber ($69.8B), Airbnb ($31B), WeWork ($20.8B), and the less consumer-facing analytics company Palantir ($21.3B). (SpaceX previously held the sixth spot before Snap, Inc. went public in March.) All five companies are disruptive forces in their respective industries, and also top the world’s most valuable startups alongside Didi Chuxing and Xiaomi, as first pointed out by The New York Times. Last year, SpaceX was valued at $14.6 billion.

Read more of this story at Slashdot.

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