SpaceX now ranks as the second-most-valuable private company worldwide.
SpaceX
Space Exploration Technologies Corp. has hit a valuation of more than $100 billion, reported CNBC.
That’s a third more than the last time the Hawthorne, California-based aerospace company raised funding this spring with a $1.2 billion round that valued the firm at $74 billion.
The new valuation didn’t come with another round of funding, however, but a secondary sale of $755 million in existing shares at a rate of $560 each.
SpaceX now ranks as the second-most-valuable private company worldwide behind China’s Bytedance, per CB Insights data.
Read CNBC for more.
Here is other recent funding news from L.A.-area tech companies:
- Los Angeles cloud security provider Orca Security has raised $550 million in an extended Series C led by Temasek, an investment company headquartered in Singapore, driving the company’s valuation to $1.8 billion.
- Sure Inc., a Santa Monica insurance technology company, has closed $100 million in Series C funding led by Declaration Partners and Kinnevik.
- Irvine-based Caylent Inc. has secured a $16 million growth equity investment from L.A.-based East Los Capital to help customers leverage cloud computing.
- Thankful, a Venice-based artificial intelligence customer service software solution, has emerged from stealth mode with a $12 million Series A led by Alpha Edison.
- Los Angeles-based CarbonBuilt has raised $10 million in Series A funding, led by Grantham Environmental Trust’s Neglected Climate Opportunities, to commercialize its low-cast, low-carbon concrete technology.
- L.A. hospitality tech startup Jurny Inc. has raised an additional $9.5 million in a round led by Mucker Capital for its SaaS and hardware solutions for hotel owners and property managers designed to accommodate the modern traveler.
- Los Angeles fin-tech startup Prometheus Alternative Investments Inc. has raised $5 million in an oversubscribed seed round to build a community centered around investment professionals.
- GrayMatter Robotics, the Los Angeles creator of smart robotic assistants that help humans more safely and effectively do surface treatment tasks such as sanding and spraying on manufacturing lines, has raised a $4.1 million seed round co-led by Stage Venture Partners and Calibrate Ventures.
