A Falcon 9 rocket launches the company’s 14th Starlink mission on October 18, 2020.
SpaceX
Elon Musk’s SpaceX added more money to the most recent share increase, according to a security filed Wednesday.
SpaceX held a second close of about $ 314 million, raising the $ 850 million that CNBC reported the company raised in February. The amendment brings the new total equity of the round to $ 1.16 billion, which increased the company to a valuation of approximately $ 74 billion.
The big demand for the company’s shares is around its ambitious Starship and Starlink projects.
Starship is the next generation of rocket that Musk’s company develops, designed to be more powerful than even the Saturn V rockets that carried astronauts to the moon.
Starlink is a global satellite network that is starting to use SpaceX to provide high speed internet to customers.