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The Financial Express

Elon Musk's SpaceX raises $850 million in fresh funding

| Updated: February 25, 2021 11:45:47


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SpaceX founder and chief engineer Elon Musk attends a news conference at the Kennedy Space Center in Cape Canaveral, Florida, US on January 19, 2020 — Reuters/Files SpaceX founder and chief engineer Elon Musk attends a news conference at the Kennedy Space Center in Cape Canaveral, Florida, US on January 19, 2020 — Reuters/Files

Tesla boss Elon Musk’s SpaceX completed an equity funding round of $850 million that sent its valuation to about $74 billion last week, according to a CNBC report run by Reuters on Tuesday.

SpaceX raised the funds at $419.99 a share, CNBC reported, citing people familiar with the financing.

The company did not immediately respond to a Reuters request for comment.

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