SpaceX raises $500 million in fundraising
Dec 21, 2018
According to a Wall Street Journal report, SpaceX is making a round of fundraising with a $500 million target on sight. The raised money puts SpaceX's valuation at $30.5 billion. According to internal sources, part of the money comes from shareholders and investors, especially its newest one, Baillie Gifford. The new capital will help SpaceX start construction of its latest project which will make emphasis on a large worldwide satellite network, called Starlink. The project will provide internet to remote places on earth, at optic fiber speeds. If the project is successful, SpaceX could be valued at $50 billion or even more.