SpaceX recently raised $750 million in a new round of funding. The funds will assist the company as it launches new missions in 2023 and beyond.
SpaceX’s latest round of funding values the company at $137 billion. SpaceX intends to use the funds to further develop its ambitious Starship program. This program intends to be the first manned mission to Mars.
SpaceX has set lofty targets for 2023. It intends to launch up to 87 rockets, has partnered with NASA on a long-term moon exploration project, and is working to expand its Starlink internet service to remote areas such as Australia.
SpaceX was the first aerospace company to design and fly reusable space rockets. The rockets have primarily been used to launch satellites into orbit and then return to Earth for reuse.
As billionaires Jeff Bezos and Richard Branson are both interested in exploring the universe, space is a hot investment. Both men are developing space businesses. This includes Bezos’ Blue Origin and Branson’s Virgin Galactic.
While these companies are focusing on exposing consumers to the wonders of space, there is no reason why they would not consider sending people to the moon or Mars.
Forbes reported that, This is not SpaceX’s final round of funding. The company’s valuation will be interesting to watch as we potentially enter a recession. The fact that SpaceX was able to raise this amount of money despite the fact that the economy is slowing demonstrates how much investors believe in it.