According to Business Insider, aerospace manufacturing and space transport company SpaceX’s valuation could hit a minimum of $60 billion USD and a maximum of $92 billion USD by the end of the latest funding round, which is slated to close in February (via Reuters).
The information comes from three sources familiar with the matter, states the original report.
To put things in perspective, the Elon Musk-owned company was valued at $46 billion USD during a round of funding that ended in August of last year.
While the latest round of funding hasn’t concluded yet and details have not been finalized, each share of the company is currently expected to be valued between $325 and $350 USD.
From 100 successful flights to massive government contracts, SpaceX is blowing through milestones at the speed of light. The company is also preparing to develop next-generation satellites for its Starlink satellite internet project.
Whether SpaceX’s valuation following the funding round sits at the expected minimum or the projected maximum, the company will have already surpassed investment bank Morgan Stanley’s baseline forecast from 2020 of a $50 billion USD valuation, and be well on its way to achieving the best-case scenario prediction of a $120 billion USD valuation in the coming years.
Space exploration has vaulted into the spotlight thanks to the popularity of SpaceX launches and achievements. Cathie Wood, the CEO of ARK Invest and longtime Tesla bull, plans to launch a ‘Space Exploration ETF’ as revealed by a securities filing earlier this month.
The SEC filing said the ETF would invest in “leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth.” The discovery at the time sent shares of Virgin Galactic and Maxar Technologies surging 8% at the time. If SpaceX goes public, you can bet ARK Invest will surely include Elon Musk’s company into its portfolio.
