SpaceX Secures Additional $337 Million Investment

[Photo by UPI Yonhap News]

[Asia Economy Reporter Byunghee Park] SpaceX, the aerospace company founded by Elon Musk, has secured an additional investment of $337 million, according to major foreign media reports on the 29th (local time).

SpaceX has been raising funds continuously this year. In April, SpaceX raised $1.16 billion. Initially, in February, it secured $850 million in investments from Alphabet, Google's parent company, and asset management firm Fidelity, but due to high demand, the funding amount was increased, ultimately raising $1.16 billion by April. At that time, SpaceX was valued at $74 billion.

In October, SpaceX reportedly raised more than $700 million in investments. At the time of the October funding round, the company was valued at over $100 billion.

Investment bank Morgan Stanley estimated that SpaceX's corporate value could reach $1 trillion by 2040.

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