Rocket maker SpaceX raises another $100 million

 

FILE PHOTO: Elon Musk, founder, CEO and lead designer at SpaceX and co-founder of Tesla, speaks at the SpaceX Hyperloop Pod Competition II in Hawthorne, California, U.S., August 27, 2017. REUTERS/Mike Blake

 

(Reuters) - Elon Musk-led SpaceX has raised $100 million by selling shares, in an extension to a financing round earlier this year that raised up to $350 million, a regulatory filing showed on Monday.

 

SpaceX's funding round in July had valued the rocket maker at about $21 billion, according to news reports.

 

In May, Space Exploration Technologies Corp launched its first satellite for the U.S. military with its Falcon 9 rocket, breaking a 10-year monopoly held by a partnership of Lockheed Martin <LMT.N> and Boeing <BA.N>.

 

The Hawthorne, California-based company also has also outlined plans for a trip to Mars in 2022, to be followed by a manned mission to the red planet by 2024.

 

Besides SpaceX, Musk also leads electric car maker Tesla Inc <TSLA.O>.

 

(Reporting by Arjun Panchadar in Bengaluru; editing by Sai Sachin Ravikumar)

 

-- © Copyright Reuters 2017-11-28

"The Hawthorne, California-based company also has also outlined plans for a trip to Mars in 2022, to be followed by a manned mission to the red planet by 2024.". Never going to happen. 

13 hours ago, sevenhills said:

"The Hawthorne, California-based company also has also outlined plans for a trip to Mars in 2022, to be followed by a manned mission to the red planet by 2024.". Never going to happen. 

Echoes of the early aviation age...   "Man will never fly."

 

But have it happen in the next 7 years; and investors actually making any money?  Now that could be a horse race.