Elon Musk's SpaceX raises $1.9 bln in funding
Global Economy
18 August, 2020, 09:55 pm
Last modified: 18 August, 2020, 09:57 pm
This would be the largest single fundraising round to date by SpaceX, according to PitchBook data
A SpaceX Falcon 9 rocket and Crew Dragon spacecraft carrying NASA astronauts Douglas Hurley and Robert Behnken lifts off during 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 on Tuesday.
Bloomberg, which reported about the fund 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.
This would be the largest single fundraising round to date by SpaceX, according to PitchBook data.
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.