Billionaire Elon Musk’s SpaceX has raised $337m in equity financing, the rocket company disclosed in a regulatory filing on Wednesday.
SpaceX, which counts Alphabet and Fidelity Investments among its investors, hit $100bn in valuation following a secondary share sale in October, according to CNBC. It had raised about $1.16 billion in equity financing in April.
According to Morgan Stanley, the space economy could be worth $1 trillion by 2040.
Read more/Source: Reuters
