SpaceX Boosts Funding Round to $1.16 Billion

Elon Musk's SpaceX has raised an additional $314 million, bringing its total capital raised in the last few months to $1.16 billion.

SpaceX disclosed in February that it had raised $850 million in fresh funding, but in a regulatory filing Wednesday, it amended the filing with the new, higher total. The funds are expected to be used for working capital.

Image source: SpaceX.

Continue reading

Source Fool.com