A Falcon 9 rocket launches the company’s 14th Starlink mission on October 18, 2020.
SpaceX
Elon Musk’s SpaceX added more money to the latest equity increase, according to a securities record on Wednesday.
SpaceX had a second close of about $ 314 million, in addition to the $ 850 million CNBC reported the company raised in February. The amendment brings the new total capital of the round to $ 1.16 billion, which the company raised to a valuation of about $ 74 billion.
The strong demand for the company’s shares is centered around its ambitious Starship and Starlink projects.
Starship is the next-generation rocket that Musk is developing, designed to be more powerful than even the Saturn V rockets that carried astronauts to the moon.
Starlink is a global satellite network that SpaceX is beginning to use to bring high-speed internet customers.