| Log in
Elon Musk Photo Credit: Reuters
TMT

Elon Musk-led SpaceX raises another $100 mn

28 November, 2017

Elon Musk-led SpaceX has raised $100 million by selling shares, in an extension to a financing round earlier this year that raised up to $350 million, a regulatory filing showed on Monday.

SpaceX’s funding round in July had valued the rocket maker at about $21 billion, according to news reports.

In May, Space Exploration Technologies Corp launched its first satellite for the U.S. military with its Falcon 9 rocket, breaking a 10-year monopoly held by a partnership of Lockheed Martin and Boeing.

The Hawthorne, California-based company also has also outlined plans for a trip to Mars in 2022, to be followed by a manned mission to the red planet by 2024.

Besides SpaceX, Musk also leads electric car maker Tesla Inc.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Musk’s SpaceX shrinks Mars rocket ship to cut costs

Musk’s SpaceX shrinks Mars rocket ship to cut costs

Reuters 2 months ago
To cut costs, Elon Musk’s SpaceX company has shrunk the size of the rocket...
Location tracking tools provider HyperTrack raises Series A round

Location tracking tools provider HyperTrack raises Series A round

Arti Singh 6 months ago
HyperTrack Inc., a US- and India-based startup that helps businesses track their...
Pepperfry raises $31 mn from Goldman Sachs, Norwest Venture, others

Pepperfry raises $31 mn from Goldman Sachs, Norwest Venture, others

Disha Sharma 1 year ago
Furniture e-tailer Pepperfry has raised Rs 210 crore ($31.3 million) from...
No Comments

Elon Musk-led SpaceX raises another $100 mn

Powered by WordPress.com VIP