03/01/2023 12:05 PM | Click to read full article
Space Exploration Technologies Corp is raising $750 mn in new fundraising, which values the company at $137 bn. Andreessen Horowitz will likely lead the new funding round in the Elon Musk-led company known as SpaceX. The firm had previously invested in SpaceX alongside Founders Fund, Sequoia, Gigafund and others. SpaceX was offering to sell insider shares at a price that would raise the closely held company’s valuation to about $140 bn.