#SpaceX raised $850 million at around $74 billion valuation


SpaceX hasn’t issued any public statement about the $850 million in fresh funding CNBC reported it raised last week, but a filing with the U.S. Securities and Exchange Commission (SEC) published today confirms the round. SpaceX’s funding was said to value the company at around $74 billion, with a per-share value set at just under $420.

Investment firm Sequoia led the considerable raise and has now put over $600 million into the Elon Musk-led space company overall between this and a round it participated in in 2020, according to Bloomberg. CNBC’s report also said that a secondary sale of existing shares generated an additional $750 million in capital for the company, putting the total new money available for SpaceX’s use at $1.6 billion — not too far shy of the $2 billion it raised at a valuation of $46 billion last August

https://techcrunch.com/2021/02/23/spacexs-new-850-million-raise-confirmed-in-sec-filing/

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