👉 Background: SpaceX was founded in 2002 as part of Elon Musk’s plans to revolutionise space technology, as well as dominate the space launch industry. And it has grown rapidly, launching 96 orbital launches last year - ahead of every other space launch organisation in the whole wide world.

👉 What happened: Now, SpaceX is reportedly raising money at a valuation of $350 billion USD which would make it the world’s most valuable startup. Since it’s a private company, it’s hard to know any of its financial details, but it's believed to generating more than $6 billion USD from Starlink, its internet service.

👉 What else: SpaceX also already has a partnership with NASA - which is expected to grow under Donald J Trump. So clearly, the business of space is ready for take-off… and SpaceX is PRIMED.

What's the key learning?

💡Going to the moon has become more accessible and more lucrative than ever before.

💡Over the past decade, we’ve seen enormous advancements in the space industry:

• The cost of space launches become cheaper and cheaper
• There had been improvements in high-tech satellites which improve internet access, navigation and weather forecasting
  

💡It ain’t stopping here - the World Economic Forum expects the space economy to hit a massive $1.8 trillion by 2035 — that’s three times the size of the space economy in 2023. And SpaceX and its lofty valuation are positioning themselves to be right at the centre of it.