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Musk-led SpaceX raises another $250 million in equity
SpaceX, led by Elon Musk, disclosed in a filing that the company raised $250 million in a round of equity financing last month. So far this year, SpaceX has raised $2 billion in funding. The document did not specify the source of the funds but noted that the financing came from five investors.
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SpaceX did not disclose changes in the company’s valuation. Over the past few years, SpaceX’s valuation has skyrocketed, and the company has raised billions of dollars for two capital-intensive projects, the Starship system, and the Starlink satellite internet.
In its last equity funding round in May, SpaceX reportedly raised $1.725 billion at a valuation of $127 billion. Moreover, SpaceX is working to get the Starship into Earth orbit for the first time. Earlier this week, Musk tweeted that the company was “maybe 1 to 12 months away” from successfully orbiting Starship.