studioEAST/Getty Images Stripe announced a $600 million funding round on Sunday, boosting its valuation to $95 billion. Stripe is now more valuable than SpaceX — and is likely the most valuable private tech company ever. Stripe's CFO says that Europe is a major growth opportunity, even as it doubles down on enterprise. Stripe has raised a new $600 million round of funding that sends the online payments processor's valuation skyrocketing up to $95 billion, the company announced on Sunday.
That valuation makes Stripe the most valuable private tech company in the world, beating out SpaceX's last valuation of $72 billion. In fact, the Financial Times reports that Silicon Valley-based Stripe is now the most valuable privately-held tech company in history, surpassing the $80 billion or so mark achieved by Facebook ahead of its own IPO, or the $72 billion high-water mark hit by Uber.