[pslam]

Valuations like this always remind me of this meme which went around when 37Signals had an absurd one of their own: https://signalvnoise.com/posts/1941-press-release-37signals-...

$500m sounds like a lot, but the 60:1 ratio says to me that the investors aren't confident they're getting their money back.

[dwaltrip]

Perhaps SpaceX didn't want to sell more than 1.6% of the company at this time, or doesn't need more than $500 million.