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    Home»Fundraising»SpaceX raises $1.68B, under its targeted financing goal
    Fundraising

    SpaceX raises $1.68B, under its targeted financing goal

    June 14, 2022Updated:June 14, 20221 Min Read
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    Elon Musk’s SpaceX raised $1.68 billion in fresh financing, less than what it had offered investors for a stake in the closely held rocket launch and satellite company. 

    Hawthorne, California-based Space Exploration Technologies Corp., as it’s formally known, sold the equity to a group of 74 investors having offered $1.72 billion of equity, the company said in a regulatory filing Monday.

    SpaceX was in talks to raise the funds at a valuation of $125 billion, Bloomberg reported in May. The round would represent a jump from a previous valuation of around $100 billion reached in a round last year.

    Read more: BNN Bloomberg

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