NIFTY 50

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
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV