Breaking: Elon Musk’s SpaceX to Raise $250M – Report

Feb 21, 2020

Back Stock Market

SpaceX, the private space exploration and tourism company founded by Tesla (NASDAQ:TSLA) CEO Elon Musk, is looking to raise $250 million in its next round of funding, according to a published report Friday.

The company wants to raise about $250 million at $220 per share, CNBC reported, citing people familiar with the matter.

The new funding would value the company at about $36 billion, up from $33.3 billion.

The round won’t close until the second week of March, CNBC said.

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