Trending:

Elon Musk's SpaceX raises an additional $100 million in funding by selling shares

Reuters November 28, 2017, 10:15:14 IST

SpaceX, a California-based company also has also outlined plans for a trip to Mars in 2022, to be followed by a manned mission to the red planet by 2024.

Advertisement
Elon Musk's SpaceX raises an additional $100 million in funding by selling shares

Elon Musk-led SpaceX has raised $100 million by selling shares, in an extension to a financing round earlier this year that raised up to $350 million, a regulatory filing showed on Monday. [caption id=“attachment_4230943” align=“alignleft” width=“380”]Elon Musk, founder, CEO and lead designer at SpaceX. Image: Reuters Elon Musk, founder, CEO and lead designer at SpaceX. Image: Reuters[/caption] SpaceX’s funding round in July had valued the rocket maker at about $21 billion, according to news reports. In May, Space Exploration Technologies Corp launched its first satellite for the US military with its Falcon 9 rocket, breaking a 10-year monopoly held by a partnership of Lockheed Martin and Boeing . The Hawthorne, California-based company also has also outlined plans for a trip to Mars in 2022, to be followed by a manned mission to the red planet by 2024. Besides SpaceX, Musk also leads electric car maker Tesla Inc.

Home Video Shorts Live TV