750 million US dollars for SpaceX

Elon Musk's space start-up is now worth almost 140 billion US dollars. The money will probably also be used to drive forward the development of his own spaceship.

Tesla and Twitter are not doing well for multi-entrepreneur Elon Musk at the moment, but his rocket start-up SpaceX seems to be on track. According to media reports, the company has raised 750 million US dollars. The round was led by major Silicon Valley investor Andreessen Horowitz. This round is expected to increase the company's valuation to 137 billion US dollars.

SpaceX had already raised around two billion US dollars last year. The company has achieved a total of 60 rocket launches with its Falcon rocket and its own satellite internet service Starlink has cracked the one million subscriber mark.

The geopolitical statements made by majority shareholder Musk have recently been problematic and have not helped; Nasa officials were reportedly concerned about these comments. However, unlike other Musk companies, SpaceX has a COO, Gwynne Shotwell, who has taken over the day-to-day business from the unpredictable founder.