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Elon Musk's SpaceX raises over $337 million in fresh funding

Elon Musk's SpaceX raises over $337 million in fresh funding
Elon Musk's SpaceX raises over $337 million in fresh funding   -   Copyright  Thomson Reuters 2021   -  
By Reuters

<div> <p> – Billionaire Elon Musk’s SpaceX has raised $337.4 million in equity financing, the rocket company disclosed in a regulatory filing on Wednesday.</p> <p>SpaceX, which counts Alphabet Inc and Fidelity Investments among its investors, hit $100 billion in valuation following a secondary share sale in October, according to <span class="caps">CNBC</span>. It had raised about $1.16 billion in equity financing in April.</p> <p>SpaceX did not immediately respond to Reuters request for more details on the latest funding round. </p> <p>The company competes with former Amazon.com Chief Executive Jeff Bezos’s space venture Blue Origin and billionaire Richard Branson’s Virgin Galactic in the burgeoning constellation of commercial rocket ventures. </p> <p>All three rocket companies have successfully launched civilians into space. </p> <p>According to Morgan Stanley, the space economy could be worth $1 trillion by 2040. </p> <p>Musk, who also leads several futuristic companies including Tesla Inc, Neuralink and Boring Co, said earlier this year that SpaceX will be landing its Starship rockets on Mars well before 2030.</p> <p>SpaceX has already launched numerous cargo payloads and astronauts to the International Space Station for the National Aeronautics and Space Administration (<span class="caps">NASA</span>). </p> <p/> </div>