spacex

The billionaire Tesla CEO, Elon Musk’s SpaceX has raised nearly $1.16 billion in equity financing over the previous two months, the private rocket company announced in an amended regulatory filing on Wednesday. The filing issues after SpaceX, whose investors comprise Alphabet Inc and Fidelity Investments, in February, revealed that it raised about $850 million, which had according to the reports elevated its valuation to about $74 billion.

Moreover, the private space firm had raised $1.9 billion in August in its largest single fundraising round, as per the financial software and data provider PitchBook. Starship is considered as the next-generation rocket that Musk’s company is developing, intended to be more powerful than even the Saturn V rockets that transported astronauts to the moon. Starlink is a worldwide satellite network, which SpaceX is commencing to utilize to offer high-speed internet to customers.

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Furthermore, back in February, a prototype of SpaceX’s Starship rocket, SN9, blew up on its final descent, similar to SN8, the rocket before it. The SN9 was a test model being developed to transport humans and 100 tons of load on future missions to outer space. Following this, the U.S. House of Representatives Transportation and Infrastructure Committee announced last month it was reviewing a SpaceX commercial space launch that regulators ascertained violated U.S. safety requirements and its test license.

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In addition to it, Musk, who also directs several futuristic corporations, including Tesla Inc, Neuralink, and Boring Co, announced last month SpaceX will be landing its Starship rockets on Mars well before 2030.

Source: Reuters

Image Source: BW Disrupt

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