SpaceX secured $1.9 billion at a valuation of $42 billion for their Series N round.
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. Building on the achievements of Falcon 9 and Falcon Heavy, SpaceX is working on a next generation of fully reusable launch vehicles that will be the most powerful ever built, capable of carrying humans to Mars and other destinations in the solar system.
The most recent round, Series N, follows $346 million raised for Series M, valuing the company at $32 billion. The terms surrounding the Series N include a senior liquidation preference to all preferred, and conventional convertible meaning they will not participate with common stock if there are remaining proceeds. The most recent price per share is $270.00, an up round from Series M at $220.00.
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