SpaceX, the rocket company created by Elon Musk, has raised $1.68 billion in equity investment, according to a regulatory filing on Monday.
The new fundraising round, in which SpaceX aimed to raise $1.725 billion, was revealed in securities documents on Monday, and comes as the firm continues to invest substantially on its Starship rocket development and Starlink broadband internet satellite constellation.
Earlier in the day, SpaceX got long-awaited approval from the Federal Aviation Administration that its Starship development site in Boca Chica, Texas, had no major environmental effect, removing a roadblock that had caused delays in the Mars rocket’s construction.
The FAA put over 75 requirements on SpaceX, which the firm considered as “one step closer to the first orbital flight test of Starship,” as it noted on Twitter. The first orbital flight test of Starship is a critical development milestone for the spacecraft.
Since 2019, SpaceX’s Starlink satellite business has launched over 2,600 satellites into orbit with the goal of providing global broadband internet.
