Elon Musk’s Space X Has Gained A Net Worth Of $21 Billion

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.

Google’s AI Can Create Code Better Than The Researchers Who Made It

Google developed AutoML to be an artificial intelligence that could help humans create other self-learning systems.

The MS Paint App Is Now Coming To The Windows Store

Just when the world started mourning about the possible death of the image editing grandpa, MS Paint, Microsoft has showered some mercy upon the not so feature rich tool. Earlier, It was known that Microsoft was going to deprecate MS Paint after the release of

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Reddit Transforms Into a Social Network But It Has Only ‘Three Users’

Reddit is working on social network-styled user profiles allowing Redditors to post content in their name and follow other profiles. Reddit’s co-founder Alexis Ohanian, Shitty_Watercolour, and Riot Games are the three users who have been given a profile each for the alpha testing. User profiles will roll out to all the users in the coming months.

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