Elon Musk’s rocket company SpaceX, which recently launched civilians into space, raises more than $ 337 million


Billionaire Elon Musk’s SpaceX has raised $ 337.4 million in equity financing, the rocket company revealed in a regulatory filing on Wednesday

Billionaire Elon Musk’s SpaceX has raised $ 337.4 million in equity financing, the rocket company revealed in a regulatory filing on Wednesday.

SpaceX, which counts Alphabet Inc (GOOGL.O) and Fidelity Investments among its investors, reached a valuation of $ 100 billion following a secondary stock sale in October, according to CNBC. He had raised about $ 1.16 billion in equity financing in April.

SpaceX did not immediately respond to Reuters’ request for details on the latest funding round.

The company competes with the space business of former Amazon.com CEO Jeff Bezos, billionaire Richard Branson’s Blue Origin and Virgin Galactic (SPCE.N) in the burgeoning constellation of commercial rocket companies.

All three rocket companies successfully launched civilians into space.

According to Morgan Stanley, the space economy could be worth $ 1,000 billion by 2040.

Musk, who also heads several futuristic companies, including Tesla Inc (TSLA.O), Neuralink and Boring Co, said earlier this year that SpaceX would land its Starship rockets on Mars well before 2030.

SpaceX has already launched numerous cargo and astronaut payloads to the International Space Station for the National Aeronautics and Space Administration (NASA).

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