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SpaceX valuation driven by Elon Musk’s Starship and Starlink projects

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Elon Musk’s SpaceX is now worth $74 billion after it raised more capital last week – and the strong demand for shares means many investors believe the company’s two ambitious projects will drive that valuation even higher.

The company’s valuation jumped 60% from its previous capital raise, which was just six months ago. And SpaceX’s latest round of fundraising saw the company receive $6 billion in offers from investors over the course of just three days, a source familiar told CNBC, with the company accepting $850 million from those offers.

The investor demand stems from its Starship and Starlink projects, Quilty Analytics founder Chris Quilty explained, which he described as “two…



Source cnbc.com

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