Latest Round of Funding for SpaceX Amounts to $750 Million

In its most recent investment round, SpaceX raised $750 million. The money will support the business when it launches further missions in 2023 and afterwards.

Here are the specifics of this investment round, what it implies for the business, and how financial backers may invest in this sector.

What the New Round of Funding Means

According to the most recent round of investment, SpaceX is worth $137 billion. The funds will be used by SpaceX to further its ambitious Starship mission. The first manned mission to Mars is part of this program.

This is only the most recent in a long line of services that have been provided to help increase SpaceX's value. This follows the completion of an equity transaction in July 2022 that garnered around $250 million. SpaceX raised more than $2 billion in total in 2022.

SpaceX has high expectations for 2023. Up to 87 rocket launches are planned, it is working with NASA on a long-term moon exploration mission, and it is concentrating on growing its Starlink broadband service for rural regions, including Australia.

NASA also questioned SpaceX about bringing back three astronauts from the International Space Station in December.

SpaceX Successes

The first aerospace firm to design and successfully launch reusable space rockets was SpaceX. The main purpose of the rockets has been to launch satellites into orbit before returning to Earth for further use.

There are now two different rocket types being used to launch payloads into space: the Falcon 9 and the Falcon Heavy. SpaceX hasn't carried out any human missions so far. In contrast, it is collaborating with NASA on a long-term lunar exploration project.

The business hasn't held back when it comes to looking into other facets of the aerospace sector. A million rural and isolated consumers who were previously limited to dial-up internet or subpar satellite internet service have access to its satellite internet service, Starlink.

Impact of Twitter on SpaceX

Elon Musk has taken long breaks from operating Tesla and SpaceX as a result of his acquisition of Twitter. Major Tesla shareholders have openly called on Musk to step down as CEO of either Tesla or Twitter. Investors have occasionally requested that he leave both.

While Gwynne Shotwell serves as president and COO of SpaceX, Elon Musk serves as CEO of both Twitter and Tesla. Shotwell has been employed with SpaceX since its 2002 flight and was soon elected to the board of directors.

Shotwell has done a fantastic job managing SpaceX and managing Musk's demands, but she must argue that his actions damage the company's reputation.

The U.S. government is SpaceX's biggest client, and some officials there are concerned with Musk's handling of Twitter. Losing government contracts as a result of his behavior on Twitter may seriously harm the business or even lead it to shut down.

Musk has appeared to have collected himself and been able to maintain himself, but he has a history of acting in this manner. It's unclear if he has reined himself in as a result of realizing the dangers he's running from or whether this is just a respite before another of his storms.

Investing in SpaceX

Due to the enthusiasm for astronomical exploration shared by billionaires Jeff Bezos and Richard Branson, space is a popular investment. Both guys are engaged in the construction of space enterprises. This includes Virgin Galactic for Branson and Blue Origin for Bezos.

There is no reason why these firms wouldn't try to send humans to the moon or Mars, even though their primary goal is to let consumers to experience what it's like in space.

Only Virgin Galactic (SPCE) is a publicly listed company among these. Due to the fact that Blue Origin and SpaceX are private firms, investing requires participation in a capital round.

Unfortunately, it is doubtful that the majority of investors will have the chance to participate in a capital round. These investment possibilities are only available to a select group of individuals and companies with millions to invest.

This isn't the same as traditional investment, when people can put in $100 and each get a little piece of the firm.

Given that investing in SpaceX is no longer a possibility, another choice is to consider investments in firms that deal with new technology, as this is the foundation of how these businesses function.

While you could spend your time looking into specific businesses in this industry, purchasing Q.ai's Emerging Tech Kit would be a simpler option.

This package makes investments across a number of businesses to reduce your overall risk. The ETF uses artificial intelligence to rebalance the kits according to its expectations for the performance of the companies in the fund. Q.ai eliminates investment uncertainty.

Our artificial intelligence searches the markets to find the most profitable assets for a variety of risk appetites and financial circumstances. Then, it compiles them into convenient investment kits that make investing easy and tactical.

The best part is that, irrespective of the sector in which you invest, you can always activate Portfolio Protection to safeguard your gains and lower your losses.

Bottom Line

For SpaceX, this is not the last fundraising round. It will be fascinating to observe how the firm is valued when a possible recession approaches. Investors' confidence in SpaceX is demonstrated by the fact that the company was able to raise this kind of money despite the fact that the economy was slowing down.

The only unpredictable factor is Elon Musk, and if he gets distracted from SpaceX or does anything that damages his company's reputation.