According to reports, Tesla CEO Elon Musk’s SpaceX completed a round of equity financing of US$850 million (approximately Rs 619 crore), and last week its valuation reached approximately US$74 billion ( About 539 trillion rupees).

SpaceX raised funds at a price of US$419.99 (approximately Rs 30,600) per share. The latest round of financing represents a jump in the company’s valuation from its previous valuation (its valuation is US$46 billion (approximately Rs 335 billion)) Up 60%. , The report said.

SpaceX did not immediately respond to Reuters’ request for comment.

According to data from PitchBook, the company raised US$1.9 billion (approximately Rs 13840 crore) in the largest single financing conducted in August.

The prototype SN9 of SpaceX’s Starship rocket exploded in a landing attempt after a high-altitude test launch earlier this month. Repeated accidents destroyed the previous test rocket.

The Starship SN9 prototype is a test model of the heavy rocket that the company is developing, which will carry humans and 100 tons of cargo for future missions to the moon and Mars.

In early February, Musk’s electric vehicle company Tesla revealed that it had purchased $1.5 billion (approximately Rs 10,920 crore) in Bitcoin and will soon accept this cryptocurrency as a payment method for its cars.

As a well-known cryptocurrency supporter, Musk regularly weighs the recent frenzy of retail transactions to drive up the price of the meme-based digital currency Dogecoin and the American video game chain GameStop.

Thomson Reuters 2021 ©


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