Musk’s SpaceX Denies Blog Report of Capital Raising Plan
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Elon Musk’s Space Exploration Technologies Corp., the first private rocket maker to deliver cargo to the International Space Station, said it isn’t raising funds from private sources, denying a report of plans to do so.
The TechCrunch blog said yesterday the aerospace company known as SpaceX was seeking “a large secondary investment” of about $200 million, without saying where it got the information. The fundraising push would result in lifting the Hawthorne, California-based company’s value to almost $10 billion, TechCrunch said.