SpaceX Earns $1.9B in Single Fundraising Round

SpaceX Earns $1.9B in Single Fundraising Round

A recent funding round has brought in $1.9B for Hawthorne, Calif.-based space transportation provider SpaceX, Reuters reported Tuesday.

Bloomberg estimated that the equity value of Elon Musk's company will reach $46B after the fundraising effort.

SpaceX aimed to raise up to $1B through a Series N round to build the Starlink constellation of broadband satellites.

NASA said earlier this week it plans to transport four astronauts using the company-built Crew Dragon capsule for an operational flight to the International Space Station by late October.

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