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Elon Musk seeks SpaceX funding, company valued at $36 billion

SpaceX is valued at around $36 billion, with the company seeking $250 million in new funding

Anthony Garreffa | Feb 24, 2020 at 10:31 pm CST (0 mins, 52 secs reading time)

SpaceX is wanting to raise another $250 million in new funding according to CNBC, with the new cash seeing Elon Musk's space-venturing company worth around $36 billion.

Elon Musk seeks SpaceX funding, company valued at $36 billion | TweakTown.com

The $36 billion valuation is a $2.5 billion increase in the last time the reported valuation came in, with Elon Musk seeing SpaceX injected with around $1.33 billion across 2019 from 3 different rounds of fundraising. SpaceX has rounded up $3 billion or so in funding over the years, but it's no wonder as it continues to push the boundaries of technology and dominate beyond our pale blue dot.

NASA awarded SpaceX over $3.1 billion to develop the Crew Dragon capsule that the company built to take astronauts to the International Space Station, with Musk saying SpaceX has spent "hundreds of millions of dollars" of its own funds to develop Crew Dragon.

CNBC expects the new round of funding for SpaceX to close next month.

Last updated: Apr 6, 2020 at 04:35 pm CDT

NEWS SOURCES:cnbc.com, si.wsj.net
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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