SpaceX raises $1.9 billion in largest funding round to date

From TechCrunch, August 19:

SpaceX has raised $1.9 billion in new funding, per a filing with the SEC from Tuesday which was first spotted by Reuters. The company had been reported by Bloomberg to be in the funding process earlier, which pegged the post-money valuation of SpaceX at $46 billion following this raise.

The new funding for the still-private SpaceX hardly comes as a surprise; the Elon Musk -led private launch company has been seeking funding since earlier this year, but Bloomberg reported last week that it increased the size of investment it was seeking owing to strong demand from the investment community.

The round was reportedly oversubscribed, though there isn’t yet much information available about who participated in the round (Bloomberg’s report said Fidelity Investments was among the largest in, but they did not confirm). SpaceX might be better positioned than ever to seek significant resources from investors, given the string of high-profile successes it has recorded recently....

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