logo
SpaceX_building
Elon Musk’s space company SpaceX raised $1.7 billion in a new funding, sending the company’s valuation to about $127 billion

SpaceX valuation spikes to $127 billion amid new funding

The space company raises $1.7 billion in a new funding

By Shubhangi Mathur
Published - May 24, 2022, 07:46 PM ET
Last Updated - Feb 29, 2024, 11:56 AM EST

• The space company raises $1.7 billion in a new funding

Elon Musk’s space company SpaceX raised $1.7 billion in a new funding, sending the company’s valuation to about $127 billion.

CNBC reported that SpaceX is also conducting a secondary sale to company insiders and existing shareholders for up to $750 million in common stock.

The funding round comes amid allegations against Musk for sexual harassment by a former SpaceX jet flight attendant. The billionaire denied the allegations.

Quick Links
Categories
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
4.2 12182024