Elon Musk’s SpaceX raises over $337m in fresh funding

Elon Musk’s SpaceX raises over $337m in fresh funding

Billionaire Elon Musk’s SpaceX has raised $337m in equity financing, the rocket company disclosed in a regulatory filing on Wednesday. SpaceX, which counts Alphabet and Fidelity Investments among its investors, hit $100bn in valuation following a secondary share...
Morgan Stanley to boost stake in China brokerage to 94%

Morgan Stanley to boost stake in China brokerage to 94%

Morgan Stanley is set to increase its stake in its brokerage joint venture in China by 4.06% to 94%, an exchange filing showed on Wednesday, putting it on track to take full ownership of the business. The U.S. bank will inject $110m to boost the registered capital of...