Elon Musk's SpaceX raises $1.9 billion in funding
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
February 07, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, FEBRUARY 07, 2023
Elon Musk's SpaceX raises $1.9 billion in funding

Tech

Reuters
19 August, 2020, 12:10 pm
Last modified: 19 August, 2020, 12:14 pm

Related News

  • Turkey turns down Musk's offer to send Starlink after deadly earthquake
  • Tesla's Elon Musk found not liable in trial over 2018 'funding secured' tweets
  • Elon Musk, White House discuss electric vehicles
  • Elon Musk now 'Mr. Tweet' on Twitter
  • Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 mln vehicles

Elon Musk's SpaceX raises $1.9 billion in funding

This would be the largest single fundraising round to date by SpaceX, according to PitchBook data

Reuters
19 August, 2020, 12:10 pm
Last modified: 19 August, 2020, 12:14 pm
SpaceX CEO Elon Musk celebrates with his brother Kimbal Musk (in hat) after the launch of a SpaceX Falcon 9 rocket and Crew Dragon spacecraft on NASA's SpaceX Demo-2 mission to the International Space Station from NASA's Kennedy Space Center in Cape Canaveral, Florida, US. May 30, 2020/ Reuters
SpaceX CEO Elon Musk celebrates with his brother Kimbal Musk (in hat) after the launch of a SpaceX Falcon 9 rocket and Crew Dragon spacecraft on NASA's SpaceX Demo-2 mission to the International Space Station from NASA's Kennedy Space Center in Cape Canaveral, Florida, US. May 30, 2020/ Reuters

Billionaire Elon Musk's SpaceX has raised $1.9 billion in new funding, according to a regulatory filing bit.ly/3178nk3 on Tuesday.

This would be the largest single fundraising round to date by SpaceX, according to PitchBook data.

Bloomberg, which reported about the funding round last week, said the private rocket company will have an equity value of $46 billion after the transaction, citing people familiar with the matter.

The funding comes as SpaceX races to build out its Starlink satellite constellation to offer broadband internet commercially by the end of 2020. The company launched its eleventh batch of satellites on Tuesday, and operates over 600 satellites in low-Earth orbit.

SpaceX's Crew Dragon capsule completed its first two-month mission carrying astronauts for NASA in early August, with plans to start routine crewed missions to the International Space Station in late October.

Global Economy

spacex / Elon Musk / fund raises

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographic: TBS
    FDI from US halves in January-June 2022
  • A woman reacts while embracing another person, near rubble following an earthquake in Hatay, Turkey, February 7, 2023. REUTERS/Umit Bektas
    Rescuers racing against time as earthquake death toll near 5,000 in Turkey, Syria
  • Photo: TBS
    BNP to hold march programmes in Dhaka on 9 and 12 February

MOST VIEWED

  • A logo of Baidu is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, 23 November, 2020/ Reuters
    China’s Baidu to finish testing ChatGPT-style project 'Ernie Bot' in March
  • Google app is seen on a smartphone in this illustration taken, July 13, 2021. Photo :Reuters
    Google unveils ChatGPT rival Bard, AI search plans in battle with Microsoft
  • Monitors displaying the stock index prices and Japanese yen exchange rate against the US dollar are seen after the New Year ceremony marking the opening of trading in 2022 at the Tokyo Stock Exchange (TSE), amid the coronavirus disease (Covid-19) pandemic, in Tokyo, Japan 4 January, 2022. PHOTO: REUTERS/Issei Kato
    Proposed data protection act to hurt FDI: Diplomats
  • Illustration: TBS
    10 jobs most likely to be replaced by AI
  • Illustration: TBS
    Preparing for the future of AI in the job market: How Bangladesh can thrive in a tech-driven world
  • Photo: Bloomberg
    Mapping the world, one centimetre at a time

Related News

  • Turkey turns down Musk's offer to send Starlink after deadly earthquake
  • Tesla's Elon Musk found not liable in trial over 2018 'funding secured' tweets
  • Elon Musk, White House discuss electric vehicles
  • Elon Musk now 'Mr. Tweet' on Twitter
  • Musk says Tesla price cuts triggered demand, 2023 sales could hit 2 mln vehicles

Features

Nimah designed by Compass Architects- Wooden tiles. Photo: Junaid Hasan Pranto

Trendy flooring designs to upgrade any space

5h | Habitat
Benefits of having high ceilings in your new home

Benefits of having high ceilings in your new home

4h | Habitat
Each Reverse Osmosi plant can produce approximately 8,000 litres of drinking water a day for around 250 families. Photo: Sadiqur Rahman

A drop in the ocean of persistent water crisis

6h | Panorama
Photo: Collected

Get your partner a lovely present this Valentine's Day

1d | Brands

More Videos from TBS

Challenging time waiting for RMG

Challenging time waiting for RMG

3h | TBS Round Table
"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

"Full Moon Meditation" organized by Department of Theater and Performance Studies, University of Dhaka

3h | TBS Graduates
10 cricketers who have played over 400 T20 matches

10 cricketers who have played over 400 T20 matches

3h | TBS SPORTS
Harry Kane sets two record in one goal

Harry Kane sets two record in one goal

3h | TBS SPORTS

Most Read

1
Photo: Courtesy
Panorama

From 'Made in Bangladesh' to 'Designed in Bangladesh'

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Master plan for futuristic Chattogram city in the making
Districts

Master plan for futuristic Chattogram city in the making

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Belal Ahmed new acting chairman of SIBL
Banking

Belal Ahmed new acting chairman of SIBL

6
Photo: Collected
Crime

Prime Distribution MD Mamun arrested in fraud case

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]