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SpaceX Raises $1.68 Billion, Under Its Targeted Financing Goal

SpaceX headquarters in Hawthorne, California.

SpaceX headquarters in Hawthorne, California.

Photographer: Alisha Jucevic/Bloomberg

Elon Musk’s SpaceX raised $1.68 billion in fresh financing, less than what it had offered investors for a stake in the closely held rocket launch and satellite company. 

Hawthorne, California-based Space Exploration Technologies Corp., as it’s formally known, sold the equity to a group of 74 investors having offered $1.72 billion of equity, the company said in a regulatory filing Monday.