As the modern space race begins to heat up, Elon Musk’s SpaceX has raised a new round of funding that’s well over 300 million USD.
SpaceX raised more than $337.4 million USD new funding from equity financing, according to a regulatory filing with the SEC on Wednesday, Reuters reports.
With major investors like Alphabet Inc and Fidelity Investments, SpaceX topped a $100 billion USD in value in October, and the company had raised as much as $1.16 billion USD in equity per a fundraising round in April.
Other competitors in the space industry include Amazon’s Jeff Bezos with space company Blue Origin and Virgin Galactic’s Richard Branson – both of whom have also launched civilians into space this year.
Starlink Satellites Nearly Hit Our Space Station Twice, Complains China to UN https://t.co/un7RFkOfj1
— TeslaNorth.com (@RealTeslaNorth) December 27, 2021
Morgan Stanley also predicts the entire space industry to be worth as much as $1 trillion USD by 2040.
In addition to launching numerous cargo payloads and astronauts into orbit and to the International Space Station (ISS), SpaceX has also launched several Starlink satellites for its low-Earth orbit (LEO) satellite internet service.
Musk also said earlier this year that SpaceX will be on Mars before 2030, despite also heading up both Tesla and the Boring Company.
In September and throughout the summer, Amazon lodged complaints to the Federal Communications Commission (FCC) about SpaceX’s newest-generation satellites.
The move also came after Amazon filed a lawsuit against NASA over its awarding a lunar outpost mission to SpaceX – a case that Amazon officially lost in court in November.
