SpaceX Filing Confirms $1.7 Billion in New Funding

SpaceX on Monday confirmed a previous report back in May the company was looking to raise up to $1.7 billion in new funding.

A Form D filed today shows the total offering amount at $1,724,965,480 in new funding, coming from 74 investors from this round.

Back in May, a company-wide email noted the company was seeking to raise new funding at $70 per share. Back in February, SpaceX’s stock split 10 to 1, lowering the price to $56 per share.

Earlier today, the FAA granted SpaceX environmental approval to proceed with its Starship orbital launch, after it met some new requirements. Next for the company is to obtain a launch license for its orbital flight, after static test fires.

The next SpaceX launch is pegged for Friday, June 17, 2022, when it plans to launch another batch of Starlink satellites into orbit.