SpaceX Secures $100M in New Funding

SpaceX has raised an additional $100 million in funding, according to a regulatory filing.

The cash injection is part of a larger round announced over the summer that now totals nearly $450 million and reportedly values the company at more than $21 billion. The company has raised more than $1.5 billion from venture investors. The filing does not name the investors who participated in the round.

SpaceX CEO Elon Musk said in September that the company is in the process of overhauling its fleet of space vehicles to focus on a new Interplanetary Transport System, codenamed the BFR (Big F—-ing Rocket).

The company will start building the first BFR ship in 2018, and Musk “feels confident” they can launch the first human mission to Mars in about five years.

 

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