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Elon Musk’s SpaceX raises over $337 million in fresh funding -Breaking

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© Reuters. FILE PHOTO. SpaceX’s first super-heavy-lift Starship SN8 rocket launches from Boca Chica in Texas, U.S.A, December 9, 2020. REUTERS/Gene Blevins/File Photo

(Reuters) – SpaceX, billionaire Elon Musk’s equity funding has reached $337.4 Million. The rocket company made this disclosure in a regulatory filing Wednesday.

SpaceX counts Alphabet Inc (NASDAQ:) Inc, and Fidelity Investments as its shareholders. In October, a secondary sale of shares saw it reach $100 billion, CNBC reported. The company had raised $1.16 million in equity financing as of April.

SpaceX didn’t immediately reply to Reuters’ request for additional details about the most recent funding round.

It competes in the emerging constellation of commercial rocket ventures with ex-Amazon.com (NASDAQ 🙂 Chief Executive Jeff Bezos and Richard Branson, who own Blue Origin Space Venture.

The three major rocket companies all successfully launched civilians in space.

Based on Morgan Stanley (NYSE:) The space economy may be worth as much as $1 trillion in 2040.

Musk is also the CEO of several futuristic businesses, including Tesla (NASDAQ) Inc, Neuralink, and Boring Company. He stated earlier in this year that SpaceX would be landing Starship rockets to Mars before 2030.

SpaceX already has numerous payloads of cargo and astronauts launched to the International Space Station by the National Aeronautics and Space Administration.

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