SpaceX $27 billion valuation shows ‘unlimited’ private funding available

Thom Baur | Reuters

A SpaceX Falcon Heavy rocket lifts off from historic launch pad 39-A at the Kennedy Space Center in Cape Canaveral, Florida, U.S., February 6, 2018.

SpaceX has vaulted to become one of the most valuable private companies in the world.

But, more importantly, SpaceX finds it “the easiest” to raise new funding compared with any private technology company, according to Robert Hilmer, global head of business development at private market analysis group Equidate.

“SpaceX is one of [the most], if not the most, popular pre-IPO tech companies globally,” Hilmer told CNBC, speaking about how often the company is referenced in conversations with investors.

Elon Musk’s space venture continues to raise funds at a steady pace, most recently bringing about $500 million for the massive satellite constellation it is building. Priced at $169 per share, the offering of 3 million new shares raises SpaceX’s valuation to $27.5 billion, according to Equidate and two people familiar with the fundraising.

“There is an unlimited amount of funding that the company could probably access globally in private markets,” Hilmer said, adding that he has personally met many of “a diverse group” interested in SpaceX.

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