Apr 11, 2019 - Science

SpaceX is raising another $500 million

Dan Primack, author of Pro Rata

SpaceX Falcon 9 rocket lifts off last month. Photo by Jim Watson/AFP/Getty Image

SpaceX is raising up to $510 million in new funding for the second time this year, according to a Delaware stock authorization filing uncovered by the Prime Unicorn Index. Such filings do not guarantee that the issuer will sell all, or any, of the authorized shares.

The bottom line: Shares would be sold at a 9.7% premium to the prior round, which valued Elon Musk's private space company at over $30 billion. To date, SpaceX has raised around $2.75 billion from equity investors.

Go deeper: SpaceX launches (and then lands) its powerful Falcon Heavy rocket

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Bryan Walsh, author of Future
1 hour ago - Health

The dwindling chances of eliminating COVID-19

Illustration: Eniola Odetunde/Axios

As the coronavirus pandemic drags into its seventh month, it remains an open debate whether the U.S. should aim for the elimination of COVID-19 — and whether we even can at this point.

Why it matters: This is the question underlying all of the political and medical battles over COVID-19. As both the direct effects of the pandemic and the indirect burden of the response continue to add up, we risk ending up with the worst of both worlds if we fail to commit to a course.

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Gigi Sukin
10 hours ago - Politics & Policy

Biden: The next president should decide on Ginsburg’s replacement

Joe Biden. Photo: Drew Angerer / Getty Images

Joe Biden is calling for the winner of November's presidential election to select Ruth Bader Ginsburg's replacement on the Supreme Court.

What he's saying: "[L]et me be clear: The voters should pick the president and the president should pick the justice for the Senate to consider," Biden said. "This was the position the Republican Senate took in 2016 when there were almost 10 months to go before the election. That's the position the United States Senate must take today, and the election's only 46 days off.

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Mike Allen, Jim VandeHei, Margaret Talev
Updated 10 hours ago - Politics & Policy

Trump, McConnell to move fast to replace Ginsburg

Photo: Alex Wong/Getty Images

President Trump will move within days to nominate his third Supreme Court justice in just three-plus short years — and shape the court for literally decades to come, top Republican sources tell Axios.

Driving the news: Senate Majority Leader Mitch McConnell and Senate Republicans are ready to move to confirm Trump's nominee before Election Day, just 46 days away, setting up one of the most consequential periods of our lifetimes, the sources say.

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