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SpaceX, reaches $125 billion valuation!

SpaceX, reportedly raised at least $1.5 billion to fund expansion, in a fresh round of funding as the company led by Elon Musk pushes forward his multibillion-dollar project.

The company managed to raise at least $1.5 billion in its latest funding round, according to an investor. The financing value of SpaceX is estimate to be around $125 billion, (the company was valued at $100 billion last year) according to research consultancy PitchBook.

In addition,

SpaceX is offering to buy shares from existing stockholders, giving current and former staff a chance to cash out.

*Space X tweet on starlink satellites

Last week, Insider reported that SpaceX in 2018 paid an unidentified flight attendant $250,000 to settle a sexual-misconduct claim against Mr. Musk, the company’s  CEO, as Mr. Musk responded on Twitter, calling the accusations “utterly untrue.”

SpaceX President Gwynne Shotwell told company staff that she personally believed that allegations made against Mr. Musk were false. Neither she nor Mr. Musk, addressed whether a settlement was paid.

*Elon Musk tweet on latest B.I allegations 

Space Exploration Technologies Corp., or SpaceX, has been building infrastructure for Starship at a site near the southern tip of Texas, as well as testing and manufacturing engines and other hardware for the vehicles.

  • SpaceX is also spending on Starlink, its unit that uses a fleet of satellites to power a broadband internet service.

The company said earlier this year that it now is capable of building up to 45 satellites per week, and has sought permission to send up tens of thousands of additional satellites. As of May, it had launched more than 2,400 of them

According to a recent filing with the Federal Communications Commission. Space X also makes the terminals that allow users to obtain Starlink internet connections.

Mr. Musk said last year that SpaceX was likely to invest at least $5 billion and perhaps as much as $10 billion in Starlink, with ongoing investments.