Elon Musk's reusable rocket maker and satellite internet company is currently raising more capital in a funding round that is reportedly being led by Andreessen Horowitz, also known as a16z.
The company had previously invested in SpaceX, alongside Founders Fund, Sequoia, Gigafund and others, and participated in Musk’s controversial Twitter acquisition.
Musk’s SpaceX was the first private company to send humans into orbit and its constellation of over 3,000 satellites in low-Earth orbit and ground terminals has recently exceeded one million subscribers and provided a lifeline to users in Ukraine who suffered infrastructure disruptions after Russia’s invasion.
In 2022, the company raised over $2bn (£1.67bn) in funding and was valued at $127bn (£106bn) during an equity round in May, according to CNBC.
In November, Reuters reported SpaceX was planning to allow insiders to offer their shares for sale in the secondary market at a valuation of up to...