#NewYork, #SpaceXFunding; #astronomy; ElonMusk
Aug 22 (Canadian-Media): With rise in investor interest, billionaire Elon Musk finalized $1.9 billion in new funding for his rocket company SpaceX, the largest fundraising round yet for SpaceX, according to PitchBook, just weeks after completing the first launch of astronauts to space from U.S. soil since 2011, according to regulatory filings on Friday, media reports said.
Elon Musk. Image credit: Facebook page
Bloomberg, who first reported the funding news, with Brokerage giant Fidelity Investments, an existing investor in the company, was one of the biggest participants in the latest round, according to Bloomberg, reported by Forbes.
The funding comes just after SpaceX completed its most high-profile mission yet: In May, the company sent a NASA crew to the International Space Station, marking the first crewed orbital flight from American soil since 2011.
The two astronauts completed successful safe return to earth on August 2, when SpaceX’s Dragon capsule splashed down in the Gulf of Mexico and marked a signature achievement for Musk 18 years after he founded the space exploration company.
Recently SpaceX entered into $316 million defense contract with the U.S. government to launch military satellites into orbit for five years starting in 2022.
Having recently become the world’s fifth-richest person due to a recent jump in electric vehicle maker Tesla’s stock, Musk now has a net worth of $86.5 billion, according to Forbes’ estimates.