Elon Musk's SpaceX Aims To Raise $1.7 Billion: Report
NDTV
A report said SpaceX would be paying $70 a share -- 25 percent above the $56 a share the stock traded for in February after a stock split.
Aerospace firm SpaceX is looking to raise $1.7 billion in fresh funding, a massive initiative as its controversial founder Elon Musk continues to make news, television channel CNBC reported Sunday.
Citing a company-wide email the network said it obtained, CNBC reported the space travel pioneer would be paying $70 a share -- 25 percent above the $56 a share the stock traded for in February after a stock split.
That would value the 20-year-old firm -- the first private company to send astronauts into orbit, among many other firsts -- at $127 billion.
That valuation has climbed steadily in recent years as SpaceX raised billions to finance work on its next-generation Starship rocket and its Starlink global satellite internet network.
