Business

SpaceX Is Now One Of The Most Valuable US Tech Companies

SpaceX announced some new funding, and now it's one of the most valuable venture-backed companies in the world.

SpaceX Is Now One Of The Most Valuable US Tech Companies
Getty Images
SMS

Elon Musk's private space company, SpaceX, has joined a prestigious group of businesses.

Valued at $21 billion, the company is now the fourth most valuable privately held technology company in the U.S.

It joins Uber, Airbnb, WeWork and Palantir at the top of the tech company food chain.

Elon Musk Wants To Build A Hyperloop On The East Coast

Elon Musk Wants To Build A Hyperloop On The East Coast

Musk tweeted Thursday he has "verbal [government] approval" to build an underground hyperloop on the East Coast.

LEARN MORE

With this new valuation, SpaceX also joins seven venture-backed companies valued at $20 billion or more worldwide. 

The new valuation comes just a week after Musk suggested SpaceX would abandon its goal of landing on Mars by 2020 but would look to land a larger ship on the planet in the future.