SpaceX is raising up to $1 billion at $44 billion valuation


A SpaceX Falcon 9 rocket carrying the company’s Crew Dragon spacecraft is launched on the Demo-2 mission with NASA astronauts Robert Behnken and Douglas Hurley onboard.

NASA/Bill Ingalls

Space Exploration Technologies, Elon Musk’s re-usable rocket and satellite internet venture, is in talks to raise $500 million to $1 billion in series N funding at a valuation of $44 billion, according to documents reviewed by CNBC and people familiar with the company’s fundraising activity. 

The growth funding would help SpaceX begin commercial operations of its Starlink satellite broadband service, and to conduct sub-orbital and orbital test flights of its Starship and SuperHeavy booster launch…


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