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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.

SpaceX raises $1.9 billion in new equity funding

It would value the company at around $44 billion.

Illustration of a golden rocket trophy with the SpaceX logo on the front. 

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SpaceX, the aerospace company led by Elon Musk, raised $1.9 billion in new equity funding, per an <a class="gtmContentClick" data-vars-link-text="SEC filing" data-vars-click-url="https://www.sec.gov/Archives/edgar/data/1181412/000118141220000003/xslFormDX01/primary_doc.xml" data-vars-content-id="42311889-2212-4986-97df-05999c731a36" data-vars-headline="SpaceX raises $1.9 billion in new equity funding" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.sec.gov/Archives/edgar/data/1181412/000118141220000003/xslFormDX01/primary_doc.xml" target="_blank">SEC filing</a>.Why it matters: This reflects the immense costs of space travel, particularly when the ultimate destination is Mars. No new investors were disclosed. Bloomberg <a class="gtmContentClick" data-vars-link-text="previously reported" data-vars-click-url="https://www.bloomberg.com/news/articles/2020-07-23/musk-s-spacex-in-talks-to-raise-funds-at-44-billion-valuation" data-vars-content-id="42311889-2212-4986-97df-05999c731a36" data-vars-headline="SpaceX raises $1.9 billion in new equity funding" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.bloomberg.com/news/articles/2020-07-23/musk-s-spacex-in-talks-to-raise-funds-at-44-billion-valuation" target="_blank">previously reported</a> that the round, which could still grow, would value SpaceX at around $44 billion.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Economy & Business

A look at the scientific breakthroughs changing the world, explorations in space and in worlds beyond our own and the threats posed to us by our own planet, both out of our control and of our own making.

SpaceX raises $1.9 billion in new equity funding

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