The Cost Of Elon Musk’s Business Empire SpaceX will Increase To $25 Billion

One of the most influential companies in the field of modern technology SpaceX is going to become the third most valuable one in the United States behind Airbnb and Uber. Thanks to this, the fortune of Elon Musk will become $21.3 billion.

The cost of SpaceX will reach $25 billion after new investments

It is noted that on April 5, according to research firm PitchBook data, Elon Musk’s company SpaceX started to obtain finance by about $507 million. Taking into account this fund, it will cost $25 billion in total and become the third biggest tech company in the USA, falling behind Airbnb and Uber. SpaceX is attracting investors’ money like a magnet. Naturally, after the successful launch of the super-heavy Falcon family rocket, the team will achieve even more success. And it is all because of the ability to combine science, modern technology and desire to make money. This year Musk wants to make thirty launches in space. It is not so little for a private company, is it?

Elon Musk's SpaceX

In addition, the significant growth in the cost of SpaceX will allow Elon Musk to increase his fortune by about 1.4 billion dollars and in total it will become 21.3 billion.

Elon Musk's SpaceX

SpaceX will become the third most valuable company based on innovation and which began as a start-up. The first one is a popular online road transport service Uber which allows using a service of private car drivers by means of the mobile phone application. And the second company is a network resource Airbnb which is designated for short-term rental housing.

According to PitchBook data, in November 2017 the cost of SpaceX was estimated at 21 billion. In 2017, the rockets of SpaceX were sent into space 18 times.

SpaceX was founded by Elon Musk in 2002. Among its developments, there is technology for returning orbital rocket Falcon 9 to Earth for reuse. As the company believes, this makes launches much cheaper. For the first time, the experiment on the return of the first stage was held on September 29, 2013. The stage was planned to slide down and gulp down into the ocean, but because of the strong rotation, it fell onto the water and crashed. The first successful landing took place on December 22, 2015, and on the sea platform – on April 8, 2016.

Elon Musk's SpaceX

SpaceX launched its most powerful carrier rocket Falcon 9 Block 5 with the telecommunications satellite Bangabandhu Satelite-1 on board into orbit. That was written on Twitter by Elon Musk on May 11.

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