Growth Wanes at Instacart, GopuffRead more

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startups venture capital

SpaceX Raises $850 Million

By
Ross Matican
· · Source: CNBC

Elon Musk’s rocket maker SpaceX raised $850 million in equity funding, CNBC reported Wednesday. That lifts the company’s valuation about 60% to roughly $74 billion. The fresh funds will help propel new initiatives, including Starlink, which is SpaceX’s aim to build an internet network using thousands of satellites. The CNBC report also said that existing investors and company insiders...

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