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Short Bytes: Elon Musk-owned SpaceX is among the top five most valuable privately owned companies of the United States. According to Equidate, a marketplace for private company stock, the company has received $350 million of new funding. The other four companies in the lead are Uber, Airbnb, WeWork, and Palantir.

Elon Musk’s Space X has gained a net worth of $21 billion, allowing it to enter the list of top valuable privately owned companies of the world.

The aerospace manufacturer’s new financing of $350 million was revealed by Equidate, a marketplace for private company stock. As per Equidate’s latest evaluation, SpaceX is one among the top five most valuable tech companies in the U.S.A. The other companies in the list are Uber, Airbnb, WeWork, Palantir.

According to a research firm CB Insights, with the new financing, SpaceX has entered into an elite club of seven venture-backed companies worth of $20 billion. The two other lead companies which belong to this club are from China  Xiaomi and Didi Chuxing.

The latest round of funding has increased the SpaceX’s market value with lots of investors investing in it. The latest valuation is almost the double of the previous valuation. Previously, capital firms like the Founders Fund and the DFG have invested in SpaceX.

SpaceX which is primarily known for its space exploration plans and launching satellites, had many achievements and set backs so far. But despite its setbacks, its funding and valuation have shown a spectacular growth in the market.

The company now has its nearest rival to deal with, which is Jeff Bezos’s Blue Origin rocket company. Jeff is world’s second richest man who is planning on funding Blue Origin by selling $1 billion of Amazon stocks each year.

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