SpaceX Valuation Breaks $21 Billion to Be the World's Most Valuable Private Enterprise

Electronic enthusiasts eight o'clock: Beijing time on July 28 morning news, the US private rocket company SpaceX has just obtained $350 million in financing with a valuation of 21 billion US dollars, becoming one of the world's most highly valued private startups. SpaceX's financing data is disclosed by Equidata, a private equity stock exchange. SpaceX declined to comment.

According to market research firm CB Insights, after the latest round of funding, SpaceX was able to become the only seven private companies with a venture capital support valued at more than $20 billion. These companies have received significant capital injections from investors, including Uber and Airbnb, which are companies in capital-intensive industries.

After reading, the news sharing service developer Snap was listed in March this year, when the market value reached 24 billion US dollars, but then fell to 16.5 billion US dollars. The take-away service Blue Apron was also launched last month, with a market capitalization of $1.9 billion, which is lower than its private market valuation and has since fallen further to $1.3 billion.

Despite this, investors have always believed that a few companies are expected to dominate the world. A total of five US companies have valuations of more than $20 billion, including Uber, Airbnb and WeWork, which have disrupted industries such as transportation and real estate. Analytical company PalanTIr has a valuation of more than $20 billion and they are working hard to become a large government contractor. Now, SpaceX is also among the ranks. The other two private companies with a valuation of more than $20 billion are Didi Travel and Xiaomi from China.

SpaceX's latest round of financing almost doubled the company's valuation, and they were valued at $11 billion when they received Fidelity Investments and Google's $1 billion financing in 2015. Earlier investors in SpaceX also included venture capital firms Founders Fund and DFJ.

SpaceX's best-known goal is to colonize Mars, but they are also important players in the field of commercial satellite transmission.

The company suffered a major setback in September last year. In the ignition of an engine test, the "Falcon 9" rocket exploded on the launch pad, causing a $200 million satellite to be scrapped.

SpaceX restarted its launch in January this year, and after years of unfulfilled promises, the company has finally achieved a steady pace, and has completed 10 launch missions this year. By the end of this year, SpaceX hopes to launch a larger Falcon heavy rocket, a plan that has been delayed for many years.

SpaceX also launched a partially-used low-cost rocket in March this year, hoping to further reduce space carrying costs. The use of recyclable rockets to perform these tasks is the key to the colonization of Mars by SpaceX founder Elon Musk.

Musk also faces competition from other billionaires. Blue Origin, the founder of Amazon, Jeff Bezos, also wants to send passengers and supplies to space. He also announced in April that he would sell about $1 billion in Amazon stock each year to fund the Rockets.