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Elon Musk's SpaceX raises $850 million in fresh funding

Reuters | Wednesday, 17 February 2021


Tesla boss Elon Musk’s SpaceX completed an equity funding round of $850 million that sent its valuation to about $74 billion last week, according to a CNBC report run by Reuters on Tuesday.

SpaceX raised the funds at $419.99 a share, CNBC reported, citing people familiar with the financing.

The company did not immediately respond to a Reuters request for comment.