Elon Musk’s SpaceX raises $1.9 billion in funding

Billionaire Elon Musk’s SpaceX has raised $1.9 billion (1.4 billion pounds) in new funding, according to a regulatory filing bit.ly/3178nk3 on Tuesday.

Bloomberg, which reported about the fund round last week, said the private rocket company will have an equity value of $46 billion after the transaction, citing people familiar with the matter.

This would be the largest single fundraising round to date by SpaceX, according to PitchBook data.

Source: Reuters