Billionaire Elon Musk’s rocket company SpaceX reportedly completed an $850 million fundraising round last week, as it looks to raise capital for its ambitious Starlink and Starship projects.
News of the funding was first reported by CNBC, which said that the private company will now have a valuation of around $74 billion, citing people familiar with the financing. SpaceX did not immediately respond to Forbes’ request for comment.
The company raised new funds at $419.99 per share, per CNBC. That price is just a cent below $420 per share, potentially a reference to Elon Musk’s notorious Twitter post in 2018, when he joked that he would take Tesla TSLA -1.1% private at $420 with “funding secured.”
Read more/Source: Forbes
