<p>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.</p>.<p><em>Reuters </em>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 per cent increase in valuation.</p>.<p>SpaceX, which counts Alphabet Inc and Fidelity Investments among its investors, had raised about $1.68 billion through equity financing in June.</p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/business/technology/twitter-to-bring-new-swipe-gesture-support-1177133.html" target="_blank">Twitter to bring new swipe gesture support</a></strong></p>.<p>Spokespersons for SpaceX and Horowitz did not immediately respond to <em>Reuters</em>' requests for comment. Horowitz was also a co-investor in Musk's Twitter buyout deal worth $44 billion.</p>.<p>SpaceX has launched numerous cargo payloads and astronauts to the International Space Station for the National Aeronautics and Space Administration (NASA).</p>.<p>Starlink, SpaceX's growing network of thousands of internet satellites, is looking at generating major revenue with commercialized applications such as the rollout of high-speed internet on commercial airlines.</p>.<p>SpaceX competes with Amazon.com founder Jeff Bezos's space venture Blue Origin and billionaire Richard Branson's Virgin Galactic.</p>
<p>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.</p>.<p><em>Reuters </em>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 per cent increase in valuation.</p>.<p>SpaceX, which counts Alphabet Inc and Fidelity Investments among its investors, had raised about $1.68 billion through equity financing in June.</p>.<p><strong>Also Read — <a href="https://www.deccanherald.com/business/technology/twitter-to-bring-new-swipe-gesture-support-1177133.html" target="_blank">Twitter to bring new swipe gesture support</a></strong></p>.<p>Spokespersons for SpaceX and Horowitz did not immediately respond to <em>Reuters</em>' requests for comment. Horowitz was also a co-investor in Musk's Twitter buyout deal worth $44 billion.</p>.<p>SpaceX has launched numerous cargo payloads and astronauts to the International Space Station for the National Aeronautics and Space Administration (NASA).</p>.<p>Starlink, SpaceX's growing network of thousands of internet satellites, is looking at generating major revenue with commercialized applications such as the rollout of high-speed internet on commercial airlines.</p>.<p>SpaceX competes with Amazon.com founder Jeff Bezos's space venture Blue Origin and billionaire Richard Branson's Virgin Galactic.</p>