U.S. Markets closed
  • S&P 500

    3,870.29
    -31.53 (-0.81%)
     
  • Dow 30

    31,391.52
    -143.99 (-0.46%)
     
  • Nasdaq

    13,358.79
    -230.04 (-1.69%)
     
  • Russell 2000

    2,231.51
    -43.81 (-1.93%)
     
  • Crude Oil

    59.39
    -0.36 (-0.60%)
     
  • Gold

    1,735.80
    +2.20 (+0.13%)
     
  • Silver

    26.84
    -0.03 (-0.13%)
     
  • EUR/USD

    1.2090
    +0.0003 (+0.0242%)
     
  • 10-Yr Bond

    1.4150
    -0.0310 (-2.14%)
     
  • Vix

    24.10
    +0.75 (+3.21%)
     
  • GBP/USD

    1.3957
    +0.0001 (+0.0042%)
     
  • USD/JPY

    106.7230
    +0.0130 (+0.0122%)
     
  • BTC-USD

    48,694.82
    -1,013.58 (-2.04%)
     
  • CMC Crypto 200

    973.93
    -12.72 (-1.29%)
     
  • FTSE 100

    6,613.75
    +25.22 (+0.38%)
     
  • Nikkei 225

    29,531.74
    +123.57 (+0.42%)
     

Musk's SpaceX raises $850 million in equity financing

·1 min read
FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard at the E3 gaming convention in Los Angeles

(Reuters) - Billionaire Elon Musk's SpaceX has raised about $850 million in equity financing, the private rocket launch service said in a regulatory filing on Tuesday.

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.

The latest round reportedly lifted the valuation of the company whose investors include Alphabet Inc and Fidelity Investments to about $74 billion.

Earlier this month, a prototype of SpaceX's Starship rocket exploded during a landing attempt after a high-altitude test launch.

The SN9 prototype was a test model of the heavy-lift rocket being developed by the company to carry humans and 100 tons of cargo on future missions to the moon and Mars.

(Reporting by Ankit Ajmera and Eva Mathews in Bengaluru; Editing by Arun Koyyur)