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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Dan Primack, author of Pro Rata
Oct 6, 2020 - Economy & Business

Fitness company ICON valued at over $7 billion after new funding round

Illustration: Sarah Grillo/Axios

ICON, a Utah-based connected fitness company whose brands include NordicTrack, raised $200 million in growth equity funding at a valuation north of $7 billion. L Catterton led, and was joined by Pamplona Capital Management.

Why it matters: L Catterton previously backed rival Peloton, holding a 5.4% stake at the time of IPO (it since appears to have divested).

Miriam Kramer, author of Space
Oct 6, 2020 - Science

Brands are changing space

Photo illustration: Aïda Amer/Axios. Photo: NASA

Space — once the purview of only the wealthiest and most technologically advanced nations — is now open to brands, private citizens and commercial companies, all at NASA's urging.

The big picture: The commercialization of spaceflight has flung open the door to branding and marketing in space that will change everyone's relationship with the cosmos.

Updated 39 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic"
  2. Health: 13 states set single-day coronavirus case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. World: Australian city Melbourne to exit one of world's longest lockdowns — In photos: Coronavirus restrictions grow across Europe
  4. Media: Fox News president and several hosts advised to quarantine after possible COVID-19 exposure
  5. Nonprofit: Rockefeller Foundation commits $1 billion for COVID-19 recovery

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