SpaceX Raises $1.9 Billion In New Funding Round - Baystreet.ca

Billionaire Elon Musk's SpaceX has raised $1.9 billion in new funding, according to a regulatory filing.

It was the largest fundraising round to date by privately held SpaceX, according to PitchBook data. Bloomberg, which reported about the funding round, said the rocket company now has an equity value of $46 billion after the latest injection of funding.

The new money comes as SpaceX races to build its Starlink satellite constellation to offer broadband internet commercially by the end of 2020. The company launched its eleventh batch of satellites earlier this week and now operates over 600 satellites in low-Earth orbit.

SpaceX’s Crew Dragon capsule completed its first two-month mission carrying astronauts for NASA in early August, with plans to start routine crewed missions to the International Space Station this October.

SpaceX recently set a record by reusing a single Falcon rocket for a sixth time. The rocket has been launched six consecutive times from Cape Canaveral Air Force Station in Florida.

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2020-08-19 10:54:00Z
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