SpaceX Is Reportedly Raising $500 Million To Go To The Moon And Beyond [Forbes]
Tesla, Inc. (TSLA)
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Source: Forbes
SpaceX Falcon 9 launches a Dragon capsule to the International Space Station SpaceX SpaceX President and COO Gwynne Shotwell says she’s confident that her company would be sending people to Mars in a decade. Now the company is reportedly raising some much-needed capital to bring it to that goal. A Wall Street Journal report published Tuesday stated that SpaceX plans to raise an additional $500 million in a new investment round. According to the report, the funds would be raised at a $30.5 billion valuation, and is expected to close to the end of the year. Until it does close, time will tell whether the full $500 million investment will materialize. In April, the company authorized selling shares to raise $507 million in a Series I round, but the round ended up closing with only $214 million raised, according to Pitchbook. The funds are reportedly being raised from SpaceX’s existing investors as well as new investor Baillie Gifford & Co. , which also holds a
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