Elon Musk’s SpaceX aims to raise $500M as it makes progress on its Big F’n Rocket

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Elon Musk’s SpaceX is aiming to raise up to $507 million in a new funding round, according to documents filed with the state of Delaware last week.

SpaceX has authorized 3 million shares of stock for this Series I round, valued at $169 each, according to documents provided to GeekWire by Lagniappe Labs, creator of the Prime Unicorn Index. The round could bring SpaceX to a valuation of approximately $23.7 billion if all shares are sold.

This new round follows a big raise last year. In November, SpaceX landed $100 million as part of a larger $450 million round.

Read More: http://www.isn-news.net/2018/04/elon-musks-spacex-aims-to-raise-500m-as.html