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Billionaire Elon Musk’s SpaceX has raised $ 1.9 billion in new financing, according to a regulation submitted on Tuesday.
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This would be the largest single fundraising round to date by SpaceX, according to data from PitchBook.
Bloomberg, which reported on the financing 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.
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The funding comes as SpaceX races to expand its Starlink satellite constellation to offer broadband internet commercially by the end of 2020. The company on Tuesday launched its eleventh batch of satellites, serving more than 600 satellites in orbit with low ground.
In early August, SpaceX’s Crew Dragon capsule completed its first two-month mission with astronauts for NASA, with plans to begin routine crew missions to the International Space Station in late October.
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(Report by Munsif Vengattil in Bengaluru; Additional Reporting by Joey Roulette in Washington; Edited by Maju Samuel and Muralikumar Anantharaman)
