SpaceX Valuation Soars to 230 Trillion Won... Jumps in Just 6 Months

[Image source=AP Yonhap News]

SpaceX, a private space development company led by Elon Musk, CEO of Tesla, has set its valuation at up to 230 trillion won and is seeking investment.

According to Bloomberg on the 7th (local time), SpaceX recently valued its company at $175 billion (approximately 230 trillion won) during a new investment round. This represents a 16% increase (about 33.14 trillion won) compared to the $150 billion valuation during the investment round in June, just six months ago. Compared to the $137 billion valuation in January this year, it has grown by nearly 28%.

The $175 billion valuation ranks second among global unicorn startups, following ByteDance, the parent company of TikTok, which is valued at $225 billion. Including publicly traded companies, it ranks 75th worldwide, on par with Nike ($177 billion), T-Mobile ($179 billion), and China Mobile ($176 billion).

Based on the $175 billion valuation, SpaceX is pursuing new investments ranging from $500 million to $750 million. The funds raised from this investment will be used for operating expenses of the Starlink project, including satellite infrastructure development.

SpaceX is expected to achieve $9 billion in revenue this year through its rocket launch business and Starlink services. The revenue forecast for next year is $15 billion. The company is also approaching profitability. Musk announced on his social media platform X on the 2nd of last month that Starlink has reached its break-even point. Musk is considering separating Starlink into a separate corporation and taking it public as early as next year.

Founded in 2002, SpaceX has established itself as a private space company by launching over 5,000 satellites into low Earth orbit to provide high-speed internet services to more than 60 countries, and by continuously challenging the launch of the 'Starship' spacecraft for lunar and Mars exploration.

This content was produced with the assistance of AI translation services.