The company is just getting started.
A 2020 launch of its Crew Dragon spacecraft took two NASA astronauts to the ISS, marking the first occasion where a private company sent astronauts there and a nearly two billion funding round valued the company at $46 billion at that time. As the Starlink constellation grew and internet services began, SpaceX's valuation ballooned to $100 billion in just a year later.
As the invasion of Ukraine soured relations between Europe and Russia, The European Space Agency approached SpaceX for launch support as the Russian Soyuz became inaccessible. A funding round in 2022 saw SpaceX valued at $127 billion.2022 was a topsy-turvy year for Elon Musk. As the world's richest person, Musk forayed into the world of social media by moving to acquire Twitter.
SpaceX, although privately held, seems to have soared in the eyes of investors during this time as the company completed a record 60 launches of its reusable Falcon rocket and kept internet services running in conflict regions of Ukraine and Iran.
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