Elon Musk’s bet on the future of space transportation is set to be the third-biggest private tech company in the US, behind only Uber and Airbnb, and worth more than $27 billion.
SpaceX filed paperwork in Delaware to raise an additional $500 million in capital, according to Equidate, a stock market for private technology companies that tracks such filings.
Once the fundraising round is completed, the company’s value will have increased by approximately 25% in the last nine months, according to Equidate COO Hari Raghavan.
It’s not clear yet which investors will provide the cash, but the company has preferred to retain old investors than add new ones.
SpaceX confirmed the fundraising round, but did not share any details about how the capital will be used.
SpaceX is also current developing a new factory to produce its next rocket, known as BFR for “Big Falcon Rocket,” among other things.
SpaceX’s next launch is expected on April 16, when it will put a NASA telescope that hunts for distant planets into orbit. »