Elon Musk's rocket company SpaceX is reportedly seeking close to $250 million in new funding at a $36 billion valuation
SpaceX is seeking to raise "about $250 million" at a price of $220 per share, according to a report by CNBC. The new funding would reportedly value the company at around $36 billion. The push to raise new capital comes as SpaceX seeks to execute a handful of ambitious new projects, including a plan to send tourists into space. Visit Business Insider's homepage for more stories.
SpaceX is seeking close to $250 million in fresh funding at $220 per share at around a $36 billion valuation, according to a report by CNBC's Michael Sheetz. The move comes as Elon Musk's aerospace company is pushing forward on a handful of ambitious projects. On Tuesday it was reported that SpaceX is planning to send private citizens to space as early as 2021. SpaceX did not immediately respond to a request for comment. Earlier this month, Bloomberg reported that SpaceX COO Gwynne Shotwell said the company is planning to spin off and pursue an initial public offering for its Starlink internet business, which aims to provide internet service via a network of satellites orbiting in space. Join the conversation about this story » NOW WATCH: Why it's so hard for planes to land on water