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Elon Musk's SpaceX To Raise $500 Million In Funding: Report

18 December, 2018 4:05 PM
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Elon Musk's SpaceX To Raise $500 Million In Funding: Report

Elon Musk's rocket company SpaceX Corp is set to raise $500 million at a $30.5 billion valuation, the Wall Street Journal reported on Tuesday, citing people familiar with the fundraising.

SpaceX did not immediately respond to news agency Reuters request for comment.

In April, news agency Reuters reported that SpaceX was raising $507 million in a new round of funding, valuing the company at around $26 billion.

The Hawthorne, California-based company has outlined plans for a trip to Mars in 2022, to be followed by a manned mission to the red planet by 2024.

Source: ndtv.com

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