World

Elon Musk’s SpaceX Raises $250 Million in Equity

A Starship prototype at the company’s launch pad in Boca Chica, Texas, March 16, 2022.

space x

Elon Musk’s SpaceX raised $250 million in an equity round in July, the company said in a securities filing on Friday. The venture is now in 2022 so far he has raised $2 billion.

The filing does not specify the source of the funding, but points to the funding coming from five investors.

SpaceX has not disclosed any changes to its valuation. The company’s value has skyrocketed over the past few years as SpaceX raised billions to fund two capital-intensive projects — next generation rocket starship When Its global satellite internet network Starlink — reached $127 billion in its last round of funding in May, CNBC reportedThat round brought in $1.725 billion.

SpaceX is working toward the next major milestone in Starship’s development: the first attempt to reach orbit. Musk tweeted earlier this week that a successful orbital flight would be “probably 1-12 months from now.”

Elon Musk’s SpaceX Raises $250 Million in Equity

Source link Elon Musk’s SpaceX Raises $250 Million in Equity

Back to top button