Elon Musk’s SpaceX to lift $250 million, valuing it at $36 billion: CNBC


FILE PHOTO: SpaceX founder and chief engineer Elon Musk speaks at a post-launch information convention to debate the SpaceX Crew Dragon astronaut capsule in-flight abort check on the Kennedy House Middle in Cape Canaveral, Florida, U.S. January 19, 2020. Information/Joe Skipper

(Information) – Elon Musk’s SpaceX is trying to elevate about $250 million, taking the personal rocket firm’s valuation to about $36 billion, CNBC reported on Friday, citing folks aware of the financing.

The corporate plans to lift the quantity at a value of $220 per share and the most recent funding spherical just isn’t anticipated to shut till the second week of March, in keeping with the report here

SpaceX didn’t instantly reply to Information request for remark.

SpaceX has been launching Starlink satellites in batches of 60 since Could and presently has 240 orbiting Earth. The corporate goals to make the broadband web service operational by the tip of 2020.

Reporting by Neha Malara in Bengaluru; Modifying by Anil D’Silva