SpaceX to raise $750M at $137 billion valuation – CNBC

Elon Musk’s SpaceX is raising $750 million in a new round of funding that values the rocket and satellite company at $137 billion from investors, including Andreessen Horowitz, CNBC reported late Monday.

Reuters had reported in November that SpaceX was in talks about an offering of mostly secondary shares that could value the company at up to $150 billion, representing a 20-percent increase in valuation.

SpaceX, which counts Alphabet Inc and Fidelity Investments among its investors, had raised about $1.68 billion through equity financing in June.

Spokespersons for SpaceX and Horowitz did not immediately respond to Reuters’ requests for comment. Horowitz was also a co-investor in Musk’s Twitter buyout deal worth $44 billion.