If the new round of financing is successful, Musk’s space exploration technology company SpaceX is expected to become the third most valuable private company in the world. Last week, people familiar with the matter said SpaceX was seeking to raise $1bn at $270 a share. In May, the company raised $346.2 million in its last round of financing, valuing the company at $36 billion.

SpaceX’s latest round of financing will increase the company’s valuation from the current $36 billion to $44 billion, second only to didi and byte jitter.

according to the previous documents submitted to the US Securities and Exchange Commission, SpaceX has raised more than $1.6 billion since the beginning of 2019, and almost all of the funds have been invested in expensive “starship” and “star chain” projects.

SpaceX’s “starship” is the largest manned spaceship in human history, which can carry 100 people. It will be the key transport vehicle for musk to realize the grand goal of human settlement on Mars. Like the Falcon 9 rocket, the Starship will be able to fly repeatedly in the future.

the company’s “star chain” project aims to provide high-quality, low-cost broadband Internet services to users on earth through more than 40000 satellites.