Elon Musk’s SpaceX Program Seeks Over An Additional $300 in Funding

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elon musk spacex seeks additional funding

SpaceX, the private aerospace manufacturer and space transportation services company founded by Elon Musk, has filed a document to raise $314.2 million in a valuation cost of $214 a share, based on CNBC. If the round goes through, SpaceX’s 2019 fundraising tally would rise to $1.33 billion, the report said.

The financing information highlights intense investor interest in SpaceX, considered a trailblazer in privately-funded space exploration. On Tuesday, SpaceX launched its latest Falcon rocket, which included LightSail 2, the first spacecraft in Earth orbit powered by the sun. The Falcon Heavy launched 23 additional satellites, including a craft with 152 people’s ashes and an atomic clock for NASA.

Meanwhile, SpaceX is still making money on launches, and CEO Elon Musk estimated last year that it’s probably on track for around $3 billion in revenue for this year. That is a good chunk of change, but Musk has a lot of pots in the fire, including presumably a strategy to still make its way to Mars and set up permanent operations on the red planet, as detailed in a couple of consecutive talks at the annual International Astronautical Congress.