A Trillion Dollar Company? Ari Stiegler Explains SpaceX’s Rise Wednesday, April 14, 2021 12:46 AM UTC Under the leadership of enigmatic founder and CEO Elon Musk, SpaceX appears headed to the moon—both literally, under its dearMoon partnership, and figuratively, as investor confidence in the company’s novel space transportation technologies has continued to buoy its valuation. In February, the Southern California-based aerospace manufacturer and space transportation services company completed an equity funding round of more than $850 million, its second significant fundraising haul within the last six months, according to CNBC. The move came as SpaceX sold new equity stakes at $419.99, one cent below the $420 mark at which Musk famously promised on Twitter that he would take Tesla Motors private. The fundraising round precipitated an expansion of the company’s valuation to $74 billion, up from $46 billion in August 2020.