Elon Musk’s SpaceX raised $850 million, jumping valuation to about $74 billion

www.cnbc.com/2021/02/16/elon-musks-spacex-raised-850-million-at-419point99-a-share.html

  • SpaceX completed a raise of $850 million last week, people familiar with the financing told CNBC, sending the company’s valuation to about $74 billion.
  • The company raised the new funds at $419.99 a share, those people said, or just a cent below the $420 price that Elon Musk made infamous in 2018.
  • SpaceX’s latest raise also represents a jump of about 60% in the company’s valuation from its previous round in August, when SpaceX raised near $2 billion at a $46 billion valuation.

 

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