Elon Musk's SpaceX raises over $337M in fresh funding
Funding comes after aerospace giant hit a $100B valuation following a secondary share sale in October
Blue Origin's third human spaceflight, the first with 6 on board
Blue Origin's third human spaceflight, the first with 6 on board.
Billionaire Elon Musk's SpaceX has raised $337.4 million in equity financing, the rocket company disclosed in a regulatory filing on Wednesday.
FILE - In this Aug. 27, 2017 file photo, SpaceX CEO Elon Musk congratulates teams competing on the Hyperloop Pod Competition II at SpaceX's Hyperloop track in Hawthorne, Calif. (AP Photo/Damian Dovarganes, File) (AP Photo/Damian Dovarganes, File / AP Newsroom)
SpaceX, which counts Alphabet Inc and Fidelity Investments among its investors, hit $100 billion in valuation following a secondary share sale in October, according to CNBC. It had raised about $1.16 billion in equity financing in April.
SpaceX did not immediately respond to Reuters' request for more details on the latest funding round.
SPACEX PUSHES BACK ON ‘UNSUBSTANTIATED’ COVID OUTBREAK REPORTS
The company competes with former Amazon.com Chief Executive Jeff Bezos's space venture Blue Origin and billionaire Richard Branson's Virgin Galactic in the burgeoning constellation of commercial rocket ventures.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SPCE | VIRGIN GALACTIC HOLDINGS INC. | 0.94 | +0.06 | +6.92% |
All three rocket companies have successfully launched civilians into space. According to Morgan Stanley, the space economy could be worth $1 trillion by 2040.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Musk, who also leads several futuristic companies including Tesla Inc, Neuralink and Boring Co, said earlier this year that SpaceX will be landing its Starship rockets on Mars well before 2030.
SpaceX has already launched numerous cargo payloads and astronauts to the International Space Station for the National Aeronautics and Space Administration (NASA).