SpaceX: to raise $1.7 billionin new funding, boosting its valuat

 

• SpaceX is raising a massive round of fresh funding, CNBC has learned, sending the private company’s valuation to about $127 billion.
• The space venture is looking to bring in up to $1.725 billion in new capital, at a price of $70 per share, according to a company-wide email on Friday obtained by CNBC.
• SpaceX’s valuation has soared in the last few years as it raised billions to fund work on two capital-intensive projects: Starship and Starlink.
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https://www.cnbc.com/2022/05/22/elon-musks-spacex-looks-to-raise-1point7-billion-in-new-funding.html