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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.

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