Elon Musk’s SpaceX valued at $21 billionJuly 28, 2017 - 14:25 AMT PanARMENIAN.Net - Elon Musk’s aerospace company SpaceX is now valued at $21.2 billion, knocking off WeWork as the fourth most valuable privately held tech company in America, The Verge says. This skyrocket in valuation comes after another round of funding that raised $351 million for the company. According to Equidate, a marketplace for trading private tech company stocks, SpaceX’s price per share is now $135, up from $96.42 prior to the new funding round. The latest valuation makes SpaceX one of the top five most valuable private, venture-backed tech companies in the US, joining Uber ($69.8B), Airbnb ($31B), WeWork ($20.8B), and the less consumer-facing analytics company Palantir ($21.3B). (SpaceX previously held the sixth spot before Snap, Inc. went public in March.) All five companies are disruptive forces in their respective industries, and also top the world’s most valuable startups alongside Didi Chuxing and Xiaomi, as first pointed out by The New York Times. Last year, SpaceX was valued at $14.6 billion. SpaceX is most known for its Mars exploration plans and for issuing satellites into space. It’s also a government contractor. This summer alone has been filled with SpaceX launches, with the company completing two in one weekend in June. Yet, last week, Musk suggested that SpaceX wouldn’t be landing Dragon capsules on Mars, but instead had plans to land on Mars with a bigger ship in the future. This new valuation comes just as Musk’s other venture, Tesla, is set to unveil the new Model 3 tomorrow evening, showing interesting developments for both of his companies. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |