Sign up to receive 5 free days of our daily summary for tech news.

Join us for just $10/month for our analysis of Facebook's new cryptocurrency announcement on 6/18.
Venture Capital

SpaceX Raising $507 Million at $26 Billion Valuation

SpaceX is raising a new round of funding that could value the firm at more than $26 billion, according to an analysis of a public filing. The company authorized $507 million in Series I shares last week, at a share price 24% higher than that of its previous fundraising round late last year, according to the filing provided by research firm Lagniappe Labs. The firm’s previous valuation was nearly $21 billion. Last month, a TechCrunch report said that SpaceX has been closing in on a new fundraising round led by Fidelity.

0 Subscriber comments

Sign up for our weekly newsletter and 5 complimentary days of our daily tech news roundup.

Already a subscriber? Log in here