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Billionaire Elon Musk’s SpaceX has raised $ 1.9 billion in new funds, according to a regulatory filing on Tuesday.
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It would be SpaceX’s largest fundraising round to date, according to data from PitchBook.
Bloomberg, who reported on the funding round last week, said the private rocket company will be worth $ 46 billion after the deal, citing people familiar with the matter.
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The funding comes as SpaceX rushes to build its constellation of Starlink satellites to deliver commercial high-speed internet by the end of 2020. The company launched its eleventh batch of satellites on Tuesday and operates more than 600 satellites in low earth orbit.
SpaceX’s Crew Dragon capsule completed its first two-month mission carrying astronauts for NASA in early August, with plans to begin routine crewed missions to the International Space Station in late October.
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(Reporting by Munsif Vengattil in Bengaluru; Additional reporting by Joey Roulette in Washington; Editing by Maju Samuel and Muralikumar Anantharaman)
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