SpaceX seeks to raise $507m in latest funding round at $26b valuation

SpaceX seeks to raise $507m in latest funding round at $26b valuation

Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX)Photographer: Patrick T. Fallon/Bloomberg

Elon Musk-led SpaceX Corp is raising $507 million in a new round of funding, valuing the company at around $26 billion, according to a filing seen by Reuters.

New articles of incorporation filed by the company last week and sent to Reuters by private analytics firm Lagniappe Labs showed the addition of 3 million ‘Series I’ shares from a previous version filed in November.

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