SpaceX lands record $1.9B fundraising round


SpaceX's Falcon 9 rocket waits on the launchpad of Kennedy Space Center

SpaceX has raised $1.9 billion in new capital, its largest-ever fundraising haul, according to PitchBook data. The latest funds reportedly value SpaceX at $46 billion, making it one of the most valuable US venture-backed companies.

A total of 75 investors pledged financing for the space company this month, but SpaceX still has about $165 million left to sell in its $2.1 billion offering, according to an SEC filing. Existing backer Fidelity Investments was one of the biggest participants in the round, according to Bloomberg.

On Tuesday, SpaceX successfully launched a Falcon 9 rocket, a record sixth flight for one of its boosters. The company plans to use the new cash to commercialize its Starlink satellite internet service and conduct test flights of its Starship and SuperHeavy booster launch vehicle, according to CNB

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s