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Elon Musk's SpaceX raises over $337 million in fresh funding

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Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Falcon 9’s 31st and final launch of 2021 on Dec. 21, 2021. SpaceX/Twitter" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/business/12/30/20211230-falcon-9.jpg"/><figcaption>Falcon 9’s 31st and final launch of 2021 on Dec. 21, 2021. <em>SpaceX/Twitter</em></figcaption></figure></div><p>Billionaire Elon Musk&#x27;s SpaceX has raised $337.4 million in equity financing, the rocket company disclosed in a regulatory filing.</p><p>SpaceX, which counts Alphabet Inc and Fidelity Investments among its investors, hit $100 billion in valuation following a secondary share sale in October, according to CNBC. It had raised about $1.16 billion in equity financing in April.</p><p>SpaceX did not immediately respond to Reuters request for more details on the latest funding round.</p><p>The company competes with former Amazon.com Chief Executive Jeff Bezos&#x27;s space venture Blue Origin and billionaire Richard Branson&#x27;s Virgin Galactic in the burgeoning constellation of commercial rocket ventures.</p><p>All three rocket companies have successfully launched civilians into space.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/overseas/09/19/21/spacexs-first-all-civilian-orbital-mission-returns-to-earth">SpaceX&#x27;s first all-civilian orbital mission returns to Earth</a></li>	<li><a href="https://news.abs-cbn.com/business/07/12/21/richard-branson-virgin-galactic-space">&#x27;Experience of a lifetime&#x27;: Billionaire Branson achieves space dream</a></li></ul><p>According to Morgan Stanley, the space economy could be worth $1 trillion by 2040.</p><p>Musk, who also leads several futuristic companies including Tesla Inc, Neuralink and Boring Co, said earlier this year that SpaceX will be landing its Starship rockets on Mars well before 2030.</p><p>SpaceX has already launched numerous cargo payloads and astronauts to the International Space Station for the National Aeronautics and Space Administration (NASA). </p><div><strong>RELATED VIDEO:</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1675984" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

The company competes with former Amazon.com Chief Executive Jeff Bezos's space venture Blue Origin and billionaire Richard Branson's Virgin Galactic in the burgeoning constellation of commercial rocket ventures.