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From TechCrunch:
Space Exploration Technologies, the commercial space transportation startup founded by Elon Musk with ambitions to land people on Mars, is raising investment that values the company somewhere south of $10 billion, TechCrunch has learned.
These new details are emerging while SpaceX, as the company is more commonly known, continues to make advances with its own spacecraft and rack up more agreements for future commercial and government launches. The company also potentially faces stiffer competition from other commercial firms that are looking to compete more aggressively in the new space race.
The latest capital infusion includes a large secondary investment, which appears to be somewhere in the region of $200 million. This confirms some of the details published in April this year by Quartz, which cited a source reporting that the company might be raising between $50 million and $200 million....MORE
