Elon Musk’s SpaceX Raises $ 850 Million

Elon Musk’s space company, SpaceX, achieved a $ 850 million fundraising round, CNBC revealed.

According to sources close to the media, the collection was made last week and led SpaceX to increase its value to reach 74 billion dollars.

The information details that the funds were raised at a value of $ 419.99 per share.

The new round of collection was 60 percent higher than the company’s value in the August 2020 round, when it managed to raise $ 2 billion and the firm was worth $ 46 billion, CNBC reported.

Even the sources consulted by CNBC assured that SpaceX raised only a part of the funds available in the market, and they assured that Elon Musk’s company had high demand in investments that totaled around 6 billion in just three days.

SpaceX was created in 2002 with one main objective, which is to reach Mars, and since then it has worked on the development of space rockets such as the Falcon 9 and Falcon Heavy.

However, the space company has also proposed to send astronauts to the Moon, although a few days ago it had a second unsuccessful attempt to register an explosion of a prototype spacecraft that has this objective.

The Starship Serial Number 9 (SN9) was the one that crashed in a test event while landing. It was a prototype ship that seeks to transport up to 100 people and 100 tons of cargo to the Moon.

Despite this, SpaceX has had successful launches such as the one that occurred last May where it transported NASA astronauts to the International Station.

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Samuel Afolabi is a lazy tech-savvy that loves writing almost all tech-related kinds of stuff. He is the Editor-in-Chief of TechVaz. You can connect with him socially :)

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