SpaceX Raises $1.68 Billion, Under Its Targeted Financing Goal
SpaceX headquarters in Hawthorne, California.
Photographer: Alisha Jucevic/BloombergThis article is for subscribers only.
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.