Mars Is Getting Closer As SpaceX Lands Another $500 Million

SpaceX authorized enough shares for a $500 million raise at a valuation of $29 billion, if all shares authorized are issued. The rocket and spacecraft company was founded by Elon Musk in 2002 and has been making history ever since.

SpaceX has gained worldwide attention for a series of historic milestones. It is the only private company capable of returning a spacecraft from low Earth orbit, which it first accomplished in 2010. The company made history again in 2012 when its Dragon spacecraft became the first commercial spacecraft to deliver cargo to and from the International Space Station. SpaceX successfully achieved the historic first reflight of an orbital class rocket in 2017, and the company now regularly launches flight-proven rockets. In 2018, SpaceX began launching Falcon Heavy, the world’s most powerful operational rocket by a factor of two.

The most recent round, Series K, follows the $273 million raised for Series J valuing the company at $26.12 billion. The terms surrounding the Series K include a Senior liquidation, meaning they will get paid first, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $204.00, an up round from Series J at $186.00. Interesting enough is that Series A thru F are all under $10.00 a share, it wasn’t until the 2015 round backed by Google, Fidelity, Draper Fisher Jurvetson, The Founders Fund, Valor Equity Partners, and Capricorn Investment Group that made the price per share skyrocket 10x+ the previous round.



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