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SpaceX Boosts Funding Round to $1.16 Billion

TheMotleyFool

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SpaceX Boosts Funding Round to $1.16 Billion

Elon Musk's SpaceX has raised an additional $314 million, bringing its total capital raised in the last few months to $1.16 billion.

SpaceX disclosed in February that it had raised $850 million in fresh funding, but in a regulatory filing Wednesday, it amended the filing with the new, higher total. The funds are expected to be used for working capital.

Image source: SpaceX.

Source Fool.com

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