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Satnews Daily
April 17th, 2019

SpaceX Raising $500 Million from Investors

In a posting by Jon Brodkin, the Senior IT Reporter at Ars Technica's infosite, SpaceX is raising $500 million from investors to help build its worldwide satellite broadband network — this information was originally reported at the Wall Street Journal.

Senior IT Reporter, Jon Brodkin.

The company run by Elon Musk has agreed on financing terms with existing shareholders and new investor Baillie Gifford & Co., who will pay $186 per share for new stock, valuing the company at $30.5 billion, according to Journal sources. SpaceX hasn't received the money yet but could announce the deal by the end of December, the Journal reported.