Elon Musk’s SpaceX Aims To Raise $1.7 Billion: Report

Elon Musk's SpaceX aims to raise $1.7 billion: Report

Elon Musk’s SpaceX is the first private company to send astronauts into orbit. (File)


Aerospace company SpaceX is looking to raise $1.7 billion in new funding, a major initiative as controversial founder Elon Musk continues to report, television channel CNBC reported on Sunday. Japan.

Citing a company-wide email that the network said it obtained, CNBC reports that the space tourism pioneer will pay $70 a share — 25% more than $56 a share. shares in which shares are traded in February after the stock split.

That would value the 20-year-old company — the first private company to put astronauts in orbit, among many other firsts — at $127 billion.

That valuation has risen steadily in recent years as SpaceX has raised billions of dollars to fund work on building the next-generation Starship rocket and the Starlink global satellite internet network.

Meanwhile, independent online site Insider reported this week that SpaceX paid $250,000 to settle a complaint of sexual misconduct by Musk against a flight attendant on a SpaceX corporate jet. .

Musk, 50, has denied the allegation, saying Thursday on Twitter that “for the record, those extravagant accusations are completely untrue.”

Musk, who is also the CEO of Tesla, said he is making a $44 billion offer to buy Twitter.

But this week, he said he first needed clarity on the prevalence of fake or spam accounts on the popular social media platform before proceeding with a purchase.

(Except for the title, this story has not been edited by NDTV staff and is published from an aggregated feed.)

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