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SpaceX raises $750 million from investors led by Andreessen Horowitz

SpaceX, the maker of reusable rockets, has raised $750 million in a new funding round that values ​​the company at $137 billion.

And last month, Bloomberg reported for the first time that:SpaceXIt was allowing the insiders to sell at $77 a share, which would have put the company’s valuation near $140 billion. The company raised more than $2 billion in 2022, including a $250 million round in July, and was valued at $127 billion during the round. Stocks in May, according to CNBC, which was reviewed by Al

And according to an email sent to potential SpaceX investors, Andreessen Horowitz aka “a16z” is expected to lead the new funding round.

The A16z also participated in Elon Musk’s purchase of Twitter in a deal valued at $44 billion that closed in late October 2022.

In the past year, SpaceX has achieved many new milestones, but has faced delays in the “Starship” program, which is part of the US space agency “NASA” efforts to return astronauts to the moon.

On the positive side, the company’s satellite internet service, Starlink, has surpassed 1 million subscribers and provided a lifeline to users in Ukraine who suffered infrastructure disruptions after the Russian invasion. SpaceX has also managed to surpass 60 reusable rocket launches in one year through its Falcon program.

The company is currently continuing development of its Starship and Super Heavy vehicles at the company’s Starbase facility in Boca Chica, Texas. It is not clear when the company will move to the next step of the program, which entails an orbital test launch of these large vehicles.

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And since Elon Musk has repeatedly spoken about geopolitical problems on Twitter, NASA Administrator Bill Nelson recently asked SpaceX President and COO Gwen Shotwell if his “distraction” as the new owner and CEO of Twitter might affect SpaceX’s work with the space agency. Nelson said Shotwell assured him he wouldn’t.

NASA is now studying whether SpaceX can help rescue the three astronauts on the International Space Station, one American and two Russian Roscomos, according to CNET. After a Russian Soyuz capsule caused a coolant leak in December, an investigation is underway to determine if the spacecraft can safely return the crew home or if emergency measures are needed instead.