Aug 19, 2020 - Economy & Business

SpaceX raises $1.9 billion in new equity funding

Illustration of a golden rocket trophy with the SpaceX logo on the front.
Illustration: Aïda Amer/Axios

SpaceX, the aerospace company led by Elon Musk, raised $1.9 billion in new equity funding, per an SEC filing.

Why it matters: This reflects the immense costs of space travel, particularly when the ultimate destination is Mars. No new investors were disclosed. Bloomberg previously reported that the round, which could still grow, would value SpaceX at around $44 billion.

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