Musk’s SpaceX raises $250 million in equity, up to $2 billion by 2022
A prototype of Starship rests on the company’s launch pad in Boca Chica, Texas on March 16, 2022.
By Elon Musk SpaceX raised $250 million in an equity round last month, the company revealed in a stock filing on Friday. It has now raised $2 billion by 2022.
The filing did not specify the source of the funds, but noted that they came from five investors.
SpaceX did not disclose the change in its valuation. The company’s value has skyrocketed over the past few years, with SpaceX raising billions of dollars to fund two capital-intensive projects – Starship next generation rocket ship and its Starlink global satellite internet network. Its value hit $127 billion in its previous equity round in May, CNBC reported. That increase brought in $1.725 billion.
SpaceX is working towards the next major milestone in Starship’s development – its first attempt to orbit. Earlier this week, Musk said on Twitter that a successful orbital flight “could be 1 to 12 months from now.”