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Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors about raising $1 billion at $270 per share.
SpaceX said that it aims to make interplanetary transportation from the Earth to the moon and Mars a reality with its reusable rockets. The company added that it has ambitions to use Starship for rapid long-distance air travel on Earth to make long-haul flights in less than an hour.
Morgan Stanley (MS) stated that SpaceX raised $346.2 Million in May at a valuation of $36 billion. The bank said that the company remains “focused on the needs and sources of capital for SpaceX as a potential catalyst to increase the relevance of space for public investors.”
SpaceX’s investors include Peter Thiel’s Founders Fund, Google (GOOGL), Fidelity (FNF), Baillie Gifford (BGITX) and Valor Equity Partners.
Elon Musk is also the chief executive officer of Tesla Inc. (TSLA.O).
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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