Elon Musk’s rocket company SpaceX, which recently launched civilians into space, raises over $337 mln

Billionaire Elon Musk’s SpaceX has raised $337.4 million in equity financing, the rocket company disclosed in a regulatory filing on Wednesday

Billionaire Elon Musk's SpaceX has raised $337.4 million in equity financing, the rocket company disclosed in a regulatory filing (File photo: Reuters)

Billionaire Elon Musk’s SpaceX has raised $337.4 million in equity financing, the rocket company disclosed in a regulatory filing on Wednesday.

SpaceX, which counts Alphabet Inc (GOOGL.O) and Fidelity Investments among its investors, hit $100 billion in valuation following a secondary share sale in October, according to CNBC. It had raised about $1.16 billion in equity financing in April.

SpaceX did not immediately respond to Reuters request for more details on the latest funding round.

The company competes with former Amazon.com Chief Executive Jeff Bezos’s space venture Blue Origin and billionaire Richard Branson’s Virgin Galactic (SPCE.N) in the burgeoning constellation of commercial rocket ventures.

All three rocket companies have successfully launched civilians into space.

According to Morgan Stanley, the space economy could be worth $1 trillion by 2040.

Musk, who also leads several futuristic companies including Tesla Inc (TSLA.O), Neuralink and Boring Co, said earlier this year that SpaceX will be landing its Starship rockets on Mars well before 2030.

SpaceX has already launched numerous cargo payloads and astronauts to the International Space Station for the National Aeronautics and Space Administration (NASA).

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.