SpaceX Reports Raising Nearly $350 Million, Crushing Initial Estimate for Latest Funding Round
According to a Tuesday filing with the Securities and Exchange Commission (SEC), SpaceX's latest funding round was a smashing success.
Elon Musk, the CEO of carmaker and solar energy provider Tesla (NASDAQ: TSLA), founded SpaceX in 2002. Since then, the company has launched dozens of rockets successfully and has raised numerous funding rounds. In March, SpaceX filings indicated it had raised $221.2 million in funding from 11 investors, in response to a $250 million offering.
Tuesday's amended filing shows it's upped its offering to nearly $350 million in common stock, and has picked up some new investors. Collectively, according to the filing, 16 investors have put in $346.2 million in the latest round of funding.
Source Fool.com
