Space X, the American aerospace manufacturer and space transportation services, owned by the fourth richest man in the world, Elon Musk, has raised $1.9 billion in new funding, according to a regulatory filing bit.ly/3178nk3 on Tuesday.
According to PitchBook data, this would be the largest single fundraising round to date by SpaceX.
Bloomberg while reporting the funding round last week, said that the private rocket company will have an equity value of $46 billion after the transaction, citing people familiar with the matter.
The funding is coming as Space X is earnestly working to build its Starlink satellite constellation to offer broadband internet commercially by the end of 2020. The company launched its eleventh batch of satellites on Tuesday and operates over 600 satellites in low-Earth orbit.
Early in August, SpaceX’s Crew Dragon capsule completed its first two-month mission carrying astronauts for NASA with plans to start routine crewed missions to the International Space Station in late October.
