SA国际传媒

Houston, it looks like doesn鈥檛 have a problem. At least not with securing fresh funding.

The space transportation company founded by the prolific and controversial tech-billionaire has reportedly raised at least $1.5 billion in a fresh funding round, according to in citing an unnamed investor.

The Hawthorne, California-based company did not confirm the new round nor the new valuation of around $125 billion.

The funding comes on the heels of recent sexual misconduct claims made against Musk by an unidentified flight attendant. He and other company representatives have denied the claims.

The space business

Space exploration isn鈥檛 cheap. The company鈥檚 pricey initiatives include Starship, a rocket system designed for deep-space missions, and its Starlink satellite-internet service. Last week, company reps told the that the Starlink satellite internet service now has over 400,000 subscribers around the world. This accounts for steady growth since it was introduced in October 2020.

On the spaceship front, Musk in February that his rocket would be able to reach space for a lower price, i.e. $10 million, in less than two to three years.

As has been heavily reported, Musk is also embroiled in a battle to acquire (or get out of acquiring) social media platform

SpaceX funding history

Prior to this most recently reported round, SpaceX has over rounds, according to SA国际传媒 data.

SpaceX raised $1.9 billion in funding in April. The latest capital infusion followed a string of successes at the company. Earlier that month the company鈥檚 Dragon 2 reusable spacecraft returned two astronauts to Earth following the end of a two-month trip to the International Space Station. It marked the completion of the first-ever human spaceflight mission by a private company launched from the U.S., as well as the first trip for American astronauts to the ISS since 2011.

Although recent investors were not disclosed, previous investors include, , and the , among others.

Related reading:

• SpaceX Valuation Rockets Higher With New $1.9B Funding Boost

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