SpaceX raised $850 million at $419.99 per share last week through an equity funding round that took its valuation to $74 billion from the $46 billion market value after an August fundraising effort, CNBC reported Tuesday.
The report said Elon Musk’s space venture secured nearly $2 billion from its funding round six months ago and the new funds come as the Hawthorne, California-based company develops its Starlink internet satellite constellation and Starship rocket.
To date, SpaceX has sent to orbit more than 1,000 satellites for the Starlink network. The company said in its recent Federal Communications Commission filing that the satellite constellation has “over 10,000 users in the United States and abroad” since the public beta of the network started.
The company is developing and testing Starship rocket prototypes in Boca Chica, Texas, with the goal of building a reusable rocket system that can transport up to 100 people and cargo as part of Mars and lunar missions.