SpaceX is now valued at $46 billion.
The Elon Musk-led company recently made one of the largest single fundraising pushes by a privately held company of $1.9 billion.
This new valuation puts SpaceX third on the list of so-called “unicorns” – privately held startups valued at more than $1 billion.
However, some investors believe SpaceX is actually undervalued.
Morgan Stanley analysts wrote last month that the company could be worth as much as $200 billion if its experimental satellite-internet project works as intended.