Public equities are savaged, but SpaceX valuation continues upward

by Peter B. de Selding

PARIS — The rapid decline in public equity markets in recent weeks apparently has not quenched investor thirst for shares in SpaceX, although what they’re investing in — a rocket builder or a global satellite-internet service — is difficult to discern.

SpaceX has raised some $2.7 billion in 18 funding rounds since 2002, the latest being a $500-million Series J that was led by Scottish investment fund Baillie Gifford, which is also a major shareholder in Tesla, the electric-car manufacturer also led by SpaceX founder Elon Musk.

become a subscriber!

You may also like