SpaceX raises $100 million and is now worth $21.5 billion

Authored by cnbc.com and submitted by mvea

Elon Musk's SpaceX has raised another $100 million as part of its latest funding round, according to new regulatory documents.

In August, the space exploration company sold $349.9 million worth of shares, a Securities and Exchange Commission (SEC) filing showed. That amount has now risen to $449.9 million, a new filing showed on Monday, adding an extra $100 million onto the current fundraising effort.

The latest injection of cash values SpaceX at $21.5 billion, according to Equidate, a platform that facilitates the trading of shares in private technology firms. SpaceX was not immediately available for comment on the valuation when contacted by CNBC.

SpaceX's SEC filing did not disclose the investors.

Musk's space company has been ramping up its rocket launches. SpaceX has developed rockets that are able to take off, deliver a payload into space, then land back on a droneship stationed in the Atlantic. The company says this helps reduce the cost of space missions as well as increasing the number that are able to take place.

Earlier this year, SpaceX President Gwynne Shotwell told Reuters in an interview that the company was aiming to launch missions every two-to-three weeks.

As well as regular launches for large customers, Musk has bigger ambitions. In May, SpaceX laid out plans to put 4,425 satellites into space to provide high-speed internet. Musk plans to start this in 2019.

And the billionaire eventually wants to get to Mars. Musk has already laid out plans for an "interplanetary transport system" capable of taking 100 people to the Red Planet in order to colonize it. The SpaceX CEO said he wants to land at least two cargo ships on Mars by 2022.

BulldogAviator on November 28th, 2017 at 15:37 UTC »

Just please don’t send Matt Damon, that hasn’t ended well for him yet.

Parabellum8g on November 28th, 2017 at 13:13 UTC »

SpaceX's SEC filing did not disclose the investors.

I wish there was a way to acquire SpaceX shares on the open market, but I understand why Musk does not want SpaceX to be traded as such. It would just be another toy of big speculators.

modsarevirgins on November 28th, 2017 at 13:02 UTC »

and this is why tesla can't actually die due to running out of cash. elon could just dilute his ownership of spacex if he's truly desperate for cash. that'll never happen anyway because people will let tesla borrow.