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Funding alert: Elon Musk's SpaceX raises $850 million, valuation zooms $74 billion

Tesla boss Elon Musk's Space X raised the funds at $419.99 a share

twitter-logoReuters | February 17, 2021 | Updated 08:33 IST
Funding alert: Elon Musk's SpaceX raises $850 million, valuation zooms $74 billion
Elon Musk

Tesla boss Elon Musk's SpaceX completed an equity funding round of $850 million that sent its valuation to about $74 billion last week, CNBC reported on Tuesday, citing people familiar with the financing.

SpaceX raised the funds at $419.99 a share, CNBC reported here.

The company did not immediately respond to a Reuters request for comment.

Also read: Tesla in India? Not likely anytime soon

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