SpaceX raises $1.16 billion in equity financing

SpaceX announced today that it has raised about $1.16 billion in equity financing over the last two months.

Elon Musk’s private rocket company revealed this in an amended regulatory filing.

The filing comes after SpaceX in February disclosed that it raised about $850 million which had reportedly lifted its valuation to about $74 billion.

The private space company had raised $1.9 billion in August in its largest single fundraising round, according to financial software and data provider PitchBook.

In February, a prototype of SpaceX’s Starship rocket, SN9, blew up on its final descent, like SN8 before it. The SN9 was a test model being developed to carry humans and 100 tons of cargo on future missions to the moon and Mars.

Following this, the U.S. House of Representatives Transportation and Infrastructure Committee said last month it was investigating a SpaceX commercial space launch that regulators determined violated U.S. safety requirements and its test license.

Musk, who also leads several futuristic companies, including Tesla Inc, Neuralink and Boring Co, said last month SpaceX will be landing its Starship rockets on Mars well before 2030.

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