Elon Musk’s SpaceX Has Raised Additional $1.9 Billion in Equity Funding

Video source: SpaceX

Space Exploration Technologies Corp., or SpaceX, Elon Musk’s venture, has raised over $1.9 billion in new equity funding, according to a Form D filed with the Securities and Exchange Commission today.

Last week, Bloomberg cited the famous “people familiar with the matter” in reporting there was strong demand for this deal, which values SpaceX at $46 billion post-money, making it one of the most valuable venture-backed companies in the US.

Existing investor Fidelity Investments was cited by Bloomberg as one of the largest participants in the latest financing round.

SpaceX’s Dragon Capsule, carrying NASA astronauts Doug Hurley and Bob Behnken, returned to earth from the International Space Station two weeks ago.

NASA is planning to launch SpaceX’s Crew-1 mission, its first fully operational crewed mission to space, on October 23, 2020.

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Source: Equities News