SpaceX has just raised $351 million (in its Series H fund-raising operation) and this values the rocket business at an impressive $21.2 billion (€18.06bn), a significant 76 per cent increase in value since its previous round of cash-raising, back in 2015 when the business was valued at “just” $12 billion.

The details were published by Space Intel Report (SIR) and based on data from Equidate which permits shareholders to measure the value of their stakes in what are privately traded businesses.

SIR cautions on the valuation, which it states is “anyone’s guess” and reminding readers that whether shareholders would receive the $135 per share that the valuation represents is an unknown quantity, and a launch failure could impact that valuation.

Nevertheless, Elon Musk, SpaceX’s founder and main backer, has a certain profile and mostly favourable press. But SpaceX’s new valuation is about double that of its arch-rival Arianespace.

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