SpaceX sells shares to 74 investors

SpaceX, Elon Musk’s rocket and satellite startup, has collected $1.68 billion in new capital, which is less than it paid investors for a stake in the now-defunct corporation.

The shares were sold to a group of 74 investors for $1.72 billion, according to a statement from Space Exploration Technologies Corp.

SpaceX announces talks to raise $125 billion

SpaceX has been in talks to raise $125 billion in funding, which would be a significant increase from last year’s $100 billion valuations.

The additional funds are intended to assist the business to construct the next-generation Starship spaceship and heavy rocket, as well as pave the path for the company to employ aerospace engineering talent in a competitive industry.

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