SpaceX raises $1.68 billion through equity financing

SpaceX orbital
Image via SpaceX

SpaceX has raised an additional $1.68 billion through equity financing for its operations.

The amount secured during the company’s latest funding round was reported in a regulatory filing with the U.S. Securities and Exchange Commission (SEC) published on Monday.

The filing did not confirm who was involved in this round, only saying that 74 different investors took part. (h/t: @Sawyer Merritt)

However, previous investors included DBL Partners, HOF Capital, Fidelity, Bank of America and VCTF Capital.

This latest round will help finance Starship rocket development and ensure the company has the funding to continue deploying its Starlink constellation.

It has been a good news day for the space company. Earlier today, SpaceX received good news on its Boca Chica facility. The Federal Aviation Administration gave the all-clear on environmental impacts from the Starship facility.

This clearance will ensure that SpaceX is another step closer to launching Starship.

However, the FAA did impose over 75 conditions on SpaceX at the site. These conditions will limit the activities but is an excellent first step for the company looking to complete the first orbital flight test of Starship.

SpaceX did not provide a comment on the financing news or the regulatory filing.

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Originally from the West Coast, Scott is an avid writer & EV enthusiast now living in Ottawa. He holds a MA in Political Science and once played professional football in the German Football League. Email scott@driveteslacanada.ca