SpaceX Raises $1.9 Billion in Latest Round of Funding






SpaceX has raised $1.9 billion in funding in this month alone. The funding came from around 75 investors, according to a filing with the U.S. Securities and Exchange Commission. The filing also shows that the company is selling $165 in stock, putting the total at around $2.07 billion.

Reuters first reported on the SEC filing earlier this week, noting a report from Bloomberg which shows that SpaceX will have an equity value of $46 billion when the transaction is completed. Information about who funded this round hasn’t been made available. While Bloomberg reported that Fidelity Investments was one of the largest participants, Fidelity has not confirmed.

The massive round of funding comes as SpaceX works to build out its network of satellites for Starlink, its low orbit satellite constellation to bring broadband internet to underserved areas. With private beta testing underway, as shown by early speed test results, SpaceX is likely working toward adding to that satellite network quickly to move forward with public beta testing and to get the full internet service up and running.  

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