Elon Musk’s SpaceX raises $250 million in equity

Elon Musk’s SpaceX raised $250 million in a July equity round, the company disclosed in a securities filing on Friday. The venture has now raised $2 billion so far in 2022.

The filing doesn’t specify the sources of the funds, but noted the raise came from five investors.

SpaceX did not disclose a change in its valuation. The company’s value has soared in the last few years as SpaceX has raised billions to fund work on two capital-intensive projects — the next generation rocket Starship and its global satellite internet network Starlink — reaching $127 billion during its last raise in May, CNBC reported. That round brought in $1.725 billion.

SpaceX is working toward the next major milestone in Starship’s development – the first attempt to reach orbit. Musk earlier this week said on Twitter that a successful orbital flight “is probably between 1 and 12 months from now.”