SpaceX Reportedly Seeks Up To $1.7 Billion In New InvestmentsSpaceX is seeking up to
$1.725 billion in new funding, CNBC reported Sunday, as the aerospace firm looks for capital for projects like its
Starship rocket and
Starlink satellite internet service.
If the deal to acquire $1.725 billion closes, it could drive SpaceX’s
valuation up to $127 billion, a 25% increase since February.
The aerospace company is conducting a
separate sale of as much as $750 million in stock to prior investors and company insiders, a standard occurrence, according to CNBC.
The New York Post was first to report Wednesday that SpaceX was seeking additional funding, but it said that there was “very tepid demand,” citing unnamed sources.
