SpaceX hopes to raise $1.7 billion

SpaceX, the space company owned by Tesla CEO Elon Musk, is seeking to raise $1.7 billion, according to CNBC on Sunday. That would bring SpaceX’s non-listed valuation to around $127 billion. The company’s valuation has skyrocketed in recent years as SpaceX has raised billions to fund work on the Starship rocket and Starlink satellite Internet access service. Independent internet publication The Insider also reported this week that SpaceX paid a woman $250,000 in 2018 to drop a misconduct lawsuit against Elon Musk. The richest man in the world pledged to buy the social network Twitter and made a $44 billion offer to do so at the end of April. But this week he shelved it due to a perceived lack of clarity on the fake accounts, while saying he was “still committed” to completing the operation. (Belga)

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