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Elon Musk's SpaceX to raise $500 million in funding

Updated : December 19, 2018 06:14 AM IST

The company is raising the capital from existing shareholders and new investor Baillie Gifford & Co, the third-largest shareholder in Musk-led electric carmaker Tesla Inc.
SpaceX investors are paying $186 per share for new stock in the latest funding round, WSJ reported, adding that it is up about 10 percent from the $169-per-share paid during an April fundraising.
Elon Musk's SpaceX to raise $500 million in funding
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