{"id":1218,"date":"2020-08-25T05:55:54","date_gmt":"2020-08-25T05:55:54","guid":{"rendered":"https:\/\/businessner.com\/?p=1218"},"modified":"2020-08-25T05:55:54","modified_gmt":"2020-08-25T05:55:54","slug":"spacex-is-ranked-third-in-the-unicorn-list","status":"publish","type":"post","link":"https:\/\/businessner.com\/spacex-is-ranked-third-in-the-unicorn-list\/","title":{"rendered":"SpaceX is ranked third in the Unicorn List"},"content":{"rendered":"

SpaceX is now ranked third in the list of Unicorn companies, reported CNN<\/a>. The company is now valued $46 billion and also became the first business to send astronauts into the orbit of the Earth.<\/p>\n

Recently, SpaceX completed a $1.9 billion funding round, according to Crunchbase. The overall valuation went up after the funding round.<\/strong><\/p>\n

CBinsigts published research on the unicorn companies<\/a> where it was defined as- \u201cA unicorn startup or unicorn company is a private company with a valuation of over $1 billion. As of August 2020, there are more than 400 unicorns around the world. Variants include a decacorn, valued at over $10 billion, and a hectocorn, valued at over $100 billion.\u201d<\/p>\n

So the definition also puts SpaceX into the decacorn company list for crossing the $10 billion valuations.<\/p>\n

Latest Tech Story:<\/strong> Apple CEO Tim Cook Joins the Billionaires Club<\/a><\/p>\n

Latest World Story: <\/strong>Canadian Finance Minister Resigned over Scandal Allegations<\/a><\/p>\n

Why SpaceX ranked third among the Unicorn Companies?<\/h2>\n

Valuation of a privately-held company is not straightforward. Analysts need to put a lot of guesswork since private companies are not obligated to share financial information.<\/p>\n

Even the new investment negotiations might hold behind the doors.<\/p>\n

\"SpaceX
CBinsigts published the report listing the Unicorn Companies including SpaceX<\/figcaption><\/figure>\n

Sometimes analysts overvalue or undervalue companies due to the complexity of the analysis. According to Morgan Stanley reports, SpaceX is undervalued by more than $150 billion which keeps it in third place.<\/p>\n

The report also stated that considering Starlink, an experimental satellite-internet project of the company, SpaceX worths more.<\/p>\n

Since the company is undervalued it falls behind the two Chinese giant ByteDance and Didi Chuxing. Both companies are above the $50 billion mark and supported by top investors like Sequoia Capital China, Softbank Corp, etc.<\/p>\n

According to Chad Anderson, CEO of investment firm Space Angels, “SpaceX’s other ventures \u2014 including launching astronauts and cargo for NASA, building massive prototypes for a would-be Mars rocket, and launching satellites for the US military \u2014 all give investors plenty of reason to clamor for a chance to own a piece of SpaceX.\u201d<\/p>\n

Space Angels is one of the investors in SpaceX, growing its stakes over the years.<\/p>\n

But investors have no opportunity to make real money without selling the SpaceX stakes. So they keep the stakes in a hope that it will grow multiple times in the future.<\/p>\n

Moreover, CEO Elon Musk has no intention to go public anytime soon.<\/p>\n

\n

More Read: How Central Bank Digital Currencies can Offer a Path for Bitcoin and Libra<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SpaceX is now ranked third in the list of Unicorn companies, reported CNN. The company is now valued $46 billion and also became the first business to send astronauts into the orbit of the Earth. Recently, SpaceX completed a $1.9 billion funding round, according to Crunchbase. The overall valuation went up after the funding round. […]<\/p>\n","protected":false},"author":3,"featured_media":1219,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Why SpaceX Ranks Third Among Unicorn Companies: Valuation and Investments","_seopress_titles_desc":"CNN reports that SpaceX is now ranked third in the list of unicorn companies, with a valuation of $46 billion. Find out why it falls behind two Chinese giants and the potential growth of SpaceX.","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[30,174],"tags":[150,149,375,376],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1218"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=1218"}],"version-history":[{"count":2,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1218\/revisions"}],"predecessor-version":[{"id":1222,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/1218\/revisions\/1222"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/1219"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=1218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=1218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=1218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}