Space Exploration Technologies Corp., or SpaceX, aims to raise about $250 million at about $220 a share, according to a CNBC report Friday that cited people familiar with such plans. The new raise would value privately held Space X at about $36 billion, the report said. The round is expected to close around the second week of March, it said. Earlier this week, another report said that the space company, whose chairman is Tesla Inc.'s TSLA, +0.18% Chief Executive Elon Musk, was planning to spin off its internet-via-satellite business Starlink. SpaceX has raised about $3.2 billion in total, including about $1.5 billion last year as it intensified satellite launches and other missions.
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February 22, 2020 at 02:15AM
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SpaceX looking to raise $250 million: report - MarketWatch
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