SpaceX Raises Another $100 Million
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SpaceX Raises Another $100 Million

SpaceX Raises Another 100 Million

SpaceX just made amendments to a regulatory filing, stating that the company raised another $100 million in their latest Series H fundraising round. The additional funding brings the total to $450 million.

The additional funding gives the company a valuation of over $21 billion, according to Equidate, a marketplace for private company stock.

In May, SpaceX launched its first satellite for the U.S. military with its Falcon 9 rocket, breaking a 10-year monopoly held by a partnership between Lockheed Martin and Boeing. The Hawthorne, California-based company has also outlined plans for a trip to Mars in 2022, which is expected to be followed by a manned mission to the red planet by 2024.

The amended Series H round includes 25 unnamed investors. The company is now among the world’s most valuable privately owned firms. Last month, NASA awarded SpaceX a $97 million contract for a Sentinel-6A mission in 2020 aboard a SpaceX Falcon 9 rocket to study ocean topography and weather data.

Apart from SpaceX, Elon Musk also founded the revolutionary payment platform, PayPal and the electronic car manufacturing company, Tesla.

Megha Shah
Megha Shah
A dreamer, traveler, aspiring entrepreneur and a bookworm beyond repair, Megha Shah is extremely fond of writing and has been doing so since she was a child. Apart from being a part-time writer, Megha is currently in college, pursuing B. Com. (Hons). Megha is an ardent follower of ‘Hardship, Hustle and Heart’ and firmly believes in the power of hard work and destiny!

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