SpaceX to Raise $500 Million in Funds for Building Satellite Broadband Network
SpaceX is raising $500 million from financial specialists to help manufacture its overall satellite broadband system, The Wall Street Journal detailed today.
The organization kept running by Elon Musk has concurred on financing terms with existing investors and new speculator Baillie Gifford and Co., who will pay $186 per share for new stock, esteeming the organization at $30.5 billion, as per Journal sources. SpaceX hasn't gotten the cash yet could declare the arrangement before the finish of December, the Journal announced.
The financing round would pay for beginning expenses yet not the whole task, which the Journal report said could cost as much as $10 billion. We reached SpaceX about the financing today however the organization declined to remark.
SpaceX a month ago gotten...