Elon Musk’s SpaceX recently reached $46 billion in valuation, becoming the third  ‘Unicorn’ in the list of companies worth more than one billion dollars, according to venture capital analysis firm CB Insights. The company also recently completed a 1.9 billion funding round, one of the largest single funding raising attempts by a company that is privately owned, stated venture capital data firm CrunchBase citing public records.

SpaceX is now third on the list of Unicorns, behind Chinese start-ups: Didi Chuxing and ByteDance, in a list of companies with a valuation of more than $ 1 billion. The former is a ride-sharing company and the later is the parent company of social media platform TikTok.

According to CNN, WallStreet analyst who are generally skeptical of Unicorns, have opined that SpaceX could be undervalued.

Analysts from Morgan Stanley had stated last month that the company was worth over $200 billion, reported CNN.

Chad Anderson, CEO of investment firm Space Angels, was cited by CNN stating that SpaceX’s other ventures like launching astronauts and cargo for NASA and building prototypes of rockets, made it a lucrative destination for investors, who were all willing to own a piece of SpaceX via shares.

Anderson also stated that Space Angels had participated in a latest funding round in order to increase its previous stake but he refrained from stating how much his firm had invested.

He added that whenever SpaceX made an attempt to raise money, more buyers were interested in the company that there were opportunities to offer and also said that this was the scenario in the current situation.

Elon Musk had previously stated that he had no intention of listing SpaceX on the stock exchange any time soon.