Elon Musk’s SpaceX raised $1.16B in equity finance

Billionaire Elon Musk’s SpaceX has raised nearly $1.16 billion in equity finance over the past two months, the private rocket company said in a revised regulatory filing on Wednesday.

The filing comes after SpaceX, whose investors include Fidelity Investments and Alphabet Inc., revealed in February that it had raised about $850 million, allegedly raising its value to $74 billion.

According to financial software and data provider Pitchbook, the private space company raised $1.9 billion in its most significant single fundraising round in August.

In February, SpaceX’s prototype Starship rocketSN9, exploded on its final landing, similar to the previous SN8. The SN9 is a test model developed to transport humans and 100 tons of cargo to the moon and Mars for future missions.

Following this, the U.S. Representative Transportation and Infrastructure Committee said last month that it was investigating a SpaceX commercial space launch that regulators said violated united states safety terms and test licenses.

Elon Musk, who is also the head of several future companies, including Neurallink, Tesla, and Boring Co., said last month that SpaceX would launch a starship rocket at Mars before 2030.

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