SpaceX, owned by billionaire Elon Musk, secured $ 337.4 million in financing through the sale of shares, according to a stock exchange announcement issued on Wednesday.
The space company, which “counts” Alphabet Inc and Fidelity Investments on its investors, reached $ 100 billion in valuation after selling shares in October, according to CNBC, while in April it had collected about 1, $ 16 billion also through the sale of shares.
SpaceX did not immediately respond to a request from Reuters for more details on the latest round of funding.
Continued fundraising confirms SpaceX’s intention to star in the space race, where it competes with Blue Origin’s former Amazon.com CEO Jeff Bezos and billionaire Richard Branson’s Virgin Galactic.
After all, this is a market with great prospects, since according to Morgan Stanley, the space economy could reach 1 trillion. dollars by 2040.
It is noted that all three space companies have so far successfully sent into space ordinary citizens, as part of their efforts to develop space “tourism”.
However, Musk’s SpaceX has other major successes, as it has already transported cargo several times, and earlier this year astronauts, to the International Space Station on behalf of NASA.
Not long ago, Musk expressed the belief that his company would be able to send and land the Starship rocket on Mars, well before 2030.
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
