SpaceX raises $1.16 billion in equity funding in the last two months

SpaceX, the private rocket corporation founded by Elon Musk, has raised around $1.16 billion in equity funding in the last two months, according to an amended regulatory filing released on Wednesday, Reuters reported.

The filing comes after SpaceX, whose investors include Alphabet Inc and Fidelity Investments, announced in February that it had raised $850 million, bringing its valuation to $74 billion.

According to financial software and data provider PitchBook, the private space firm raised $1.9 billion in August in the biggest single fundraising round.

SN9, a prototype of SpaceX’s Starship rocket, blew up on final descent in February, much as SN8 before it. The SN9 was a test model being designed for potential missions to the moon and Mars that would hold humans and 100 tons of cargo.

Following this, the Transportation and Infrastructure Committee of the United States House of Representatives announced last month that it was investigating a SpaceX commercial space launch that regulators determined violated US safety standards and its test license.

Musk, who also runs Tesla Inc, Neuralink, and Boring Co, said last month that SpaceX’s Starship rockets will land on Mars sometime before 2030.