Elon Musk’s SpaceX raises $ 850 million in new funding: Report

Written by admin

Elon Musk’s SpaceX reportedly completed a round of $ 850 million (approximately $ 6,190 crore) in stock, valuing at about $ 74 billion (approximately $ 5.39,000) last week.

SpaceX raised $ 419.99 (approximately Rs 30,600) per share, and the latest round of financing represented a jump of about 60 percent in the company’s valuation from its previous increase, which valued it at $ 46 billion (approximately 3.35,000 kroner). ), on report said.

SpaceX did not immediately respond to a Reuters request for comment.

The company raised $ 1.9 billion (approximately 13,840 crores) in its largest fundraising round in August, according to PitchBook.

Prototype of SpaceX Star ship the SN9 rocket exploded earlier this month during a landing attempt after a high-altitude test launch in a recurrence of an incident that destroyed a previous test rocket.

The Starship SN9 prototype is a test model of the heavy-lift rocket developed by the human transport company and 100 tons of cargo for future missions to the moon and Mars.

Earlier in February, On musk electric vehicle company Tesla revealed that it has bought $ 1.5 billion (approximately Rs. 10,920 crore) bitcoin and will soon accept cryptocurrency as a method of payment for its cars.

A well-known supporter of cryptocurrencies, Musk regularly assesses the recent madness in retail, raising the prices of the mega-based digital currency dogecoin and shares of the American video game chain. GameStop.

© Thomson Reuters 2021

Can Realme X7 Pro take over OnePlus Nord? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts,, Google Podcasts, or RSS,, download the episodeor just press the play button below.



Leave a Comment

%d bloggers like this: