SpaceX Raises $1.9 Bln In New Funding

Space Exploration Technologies Corp., known as SpaceX, has raised $1.90 billion in new funding. The private rocket company, founded by Elon Musk, revealed the funding in a regulatory filing with the U.S. Securities and Exchange Commission. As per the filing, the company was planning to sell $2.07 billion offering, and now plans to sell further $165 million in equity and preferred stock.