SpaceX looking to raise $250 million in funding for a valuation o $36 billion

This would mean a $2.5 billion increase for SpaceX according to a report by CNBC’s Michael Sheetz.

This company founded by Elon Musk is no stranger to such funding rounds raising $1.3 billion in 2019 from three such rounds and over $3 billion since the start of the company.

The funding is expected to close towards the middle of next month.