SpaceX increases new funding round to $2bn
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11:10 03/06/25
Elon Musk’s SpaceX company has increased the size of its latest funding round to $2bn due to strong demand.
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11:10 03/06/25
Fidelity Investments, which was already an existing investor, was one of the biggest participants in this round, an anonymous source told Bloomberg..
The company had initially planned to raise about $1bn at a price of $270 a share which would’ve valued SpaceX at $44bn.
After the increase in size in what will be the company’s largest funding round to date, SpaceX was projected to reach an equity value of $46bn with that extra $2bn in capital.
The round comes on the back of its recent and highest-profile mission. SpaceX’s Dragon capsule returned to earth safely earlier in August, marking the first mission by US astronauts to the International Space Station onboard a US-made spacecraft since the Columbia shuttle program ended in 2011.
America's National Aeronautics and Space Administration, a key partner and customer of the company, said on Friday that it was targeting October for its first operational mission with Elon Musk’s firm.