Themes: Pagination size: Use the left or right arrow keys to navigate between pages πŸ˜‰You can swipe to left or right to navigate between pages πŸ˜‰

SpaceX raises another $250 million in equity, totaling $2 billion so far this year

[]1 week agobyMichael Sheetz

Elon Musk's SpaceX raised $250 million in a July equity round, the company disclosed in a securities filing on Friday. The venture has now raised $2 billion so far in 2022.

The filing doesn't specify the sources of the funds, but noted the raise came from five investors.

SpaceX did not disclose a change in its valuation. The company's value has soared in the last few years as SpaceX has raised billions to fund work on two capital-intensive projects β€”Β the next generation rocket StarshipΒ andΒ its global satellite internet network Starlink β€” reaching $127 billion during its last raise in May, CNBC reported. That round brought in $1.725 billion.

SpaceX is working toward the next major milestone in Starship's development – the first attempt to reach orbit. Musk earlier this week said on Twitter that a successful orbital flight "is probably between 1 and 12 months from now."

Related articles:

[] Danger ahead: The U.S. economy has yet to face its biggest recession challenge[] More Americans are working part-time β€” a potential harbinger of future jobs market instability[] Financial technology startup Plastiq to go public via $480M SPAC merger - SiliconANGLE[] Despite a strong jobs report, unemployment inched higher for Black workers in July[] Amazon to acquire robot vacuum maker iRobot for $1.7B - SiliconANGLE