Elon Musk's SpaceX is reportedly elevating greater than $300 million in new funding, which might imply it raised over $1 billion this 12 months alone

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FILE PHOTO: SpaceX founder Elon Musk speaks at a post-launch news conference after the SpaceX Falcon 9 rocket, carrying the Crew Dragon spacecraft, lifted off on an uncrewed test flight to the International Space Station from the Kennedy Space Center in Cape Canaveral, Florida, U.S., March 2, 2019. REUTERS/Mike Blake

  • SpaceX is elevating one other $314.2 million in fairness funding, in keeping with CNBC.
  • This might push SpaceX’s 2019 fundraising whole to $1.33 billion, the report stated.
  • Go to Enterprise Insider’s homepage for extra tales

SpaceX is reportedly trying to elevate greater than $300 million from traders, which might push its whole fundraising whole this 12 months to greater than $1 billion.

SpaceX, the personal aerospace producer and house transportation companies firm based by Elon Musk, has filed a doc to boost $314.2 million at a valuation worth of $214 a share, in keeping with CNBC. If the spherical goes by means of, SpaceX’s 2019 fundraising tally would rise to $1.33 billion, the report stated.

The corporate declined to remark.

The funding information highlights intense investor curiosity in SpaceX, thought of a trailblazer in privately-funded house exploration. 

On Tuesday, SpaceX launched its newest Falcon Heavy rocket, which included LightSail 2, the primary spacecraft in Earth orbit powered by daylight.

The Falcon Heavy additionally launched 23 different satellites, together with an atomic clock for NASA and a craft with the ashes of 152 individuals.

Acquired a tip about SpaceX or one other tech firm? Contact this reporter through electronic mail at bpimentel@businessinsider.com, message him on Twitter @benpimentel. You may also contact Enterprise Insider securely through SecureDrop.

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