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Musk’s SpaceX Raises Almost $2 Billion in a Launch-Heavy Month

Construction Of The SpaceX Starship Hopper As Elon Musk Plans Launch
Photographer: Austin Barnard/Bloomberg

Space Exploration Technologies Corp. took in $1.9 billion in new funding this month and plans to raise more, capping off a busy period that includes its first successful human spaceflight, a launch for a satellite-based Internet service and work on a massive ship slated to carry people to Mars.

The company, founded by Elon Musk, sold the bulk of its planned $2.07 billion offering to investors starting Aug. 4, according to a regulatory filing Tuesday. SpaceX plans to sell another $165 million in equity and preferred stock.