Elon Musk’s SpaceX raises $1.9 Billion Funding in the latest round

Elon Musk founded Space X, which recently made the headlines after its reusable Crew Dragon made a successful round to the ISS with Nasa astronauts. The next crew mission is set to launch in late October.

As per the Bloomberg reports, about the funding round last week, said the private rocket company will have an equity value of $46 billion after the transaction, citing people familiar with the matter.

In May 2019, Space News reported SpaceX “raised $1.022 billion” the day after SpaceX launched 60 satellites towards their 12,000 satellite plan named Starlink broadband constellation.

The funding comes as SpaceX races to build out its Starlink satellite constellation to offer broadband internet commercially by the end of 2020. The company launched its eleventh batch of satellites on Tuesday and operates over 600 satellites in low-Earth orbit.

Reportedly, Musk saved Spaces X from near bankruptcy in Dec 2008 with a contract from NASA to provide a launch platform for space cargo, for a healthy $1.6 BN

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