Elon Musk's SpaceX is launching a $750 million funding round with Andreessen Horowitz that values the company at $137 billion, report says

• Andreessen Horowitz looks set to lead a new SpaceX funding round, according to an email it sent to prospective investors, CNBC reported.
• The report said Elon Musk's rocket company is eyeing a valuation of $137 billion for the $750 fundraising round.

Elon Musk's rocket company SpaceX is kicking off a new funding round of $750 million that values the company at $137 billion, CNBC reported Monday.

The round will likely led by Andreessen Horowitz, also known as a16z, per an email reviewed by CNBC, as the famed venture capital firm reached out to prospective investors. Prior backers for SpaceX include Founders Fund, Gigafund, Sequoia, and others.

Over the last 12 months, SpaceX raised more than $2 billion, including a $250 million funding round in July, when it was valued at $127 billion.

Bloomberg had reported in December that SpaceX was allowing shareholders to sell equity at $77 per share, which valued the company at about a $140 billion.

Notably, a16z was also a participant in Elon Musk's $44 billion Twitter acquisition, a deal that some Tesla investors have since lamented.

Despite some snags in 2022, SpaceX still notched milestones, such as, its satellite internet provider Starlink surpassing 1 million subscribers. Musk also facilitated Starlink as an emergency internet provider for Ukraine citizens and soldiers amid the ongoing war with Russia.

SpaceX, too, also had more than 60 reuseable rocket launches last year, via its Falcon program.

Meanwhile, SpaceX launched more astronauts to the International Space Station, with NASA eyeing a large role including for a return to the moon.