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    Stock rally eases as doubts grow over economic growth.

    Stock rally eases as doubts grow over economic growth.

    UN envoy warns Iraq’s ‘roads are about to boil’

    UN envoy warns Iraq’s ‘roads are about to boil’

    Japan’s economy contracts as energy prices soar

    Japan’s economy contracts as energy prices soar

    New US hospitals face fiscal crisis over COVID relief money.

    New US hospitals face fiscal crisis over COVID relief money.

    Beijing locks down more people in China’s ‘zero-COVID’ fight

    Beijing locks down more people in China’s ‘zero-COVID’ fight

    Marianna Vyshemirsky: ‘My picture was used to spread lies about the war.’

    Marianna Vyshemirsky: ‘My picture was used to spread lies about the war.’

    Srilankan Prime Minister says the country has run out of petrol.

    Srilankan Prime Minister says the country has run out of petrol.

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    Covid: More Than 260,000 Infected In Last 24 Hours In North Korea.

    Andrew Symonds

    Police reveals new details that killed Andrew Symonds

  • Politics
    Kanchana Wijesekera

    Fuel situation looks better

    Buddhist festival- Sri Lanka

    Sri Lanka lifts curfew amidst crisis for Buddhist festival

    Yoshimasa Hayashi

    Indo-Pacific nations gets help from Japan of up to US$100 million to fight against COVID-19

    Disappointed by the silence of Political, Social and Economic Leaders on the humiliation of a girl in Kerala: Arif Mohammad Khan

    Disappointed by the silence of Political, Social and Economic Leaders on the humiliation of a girl in Kerala: Arif Mohammad Khan

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    How Democrats Want to Put Republicans on the Defensive on Abortion

    TSA is expanding use of screeners to help at busy airports

    What South Korea’s new president means for North Korea

    Russian ambassador to Poland hit with red paint

    Early voting begins ahead of Australia’s May 21 election

    Russian ambassador to Poland hit with red paint

    US, Italy united on Ukraine, with slightly different tones

    Russian ambassador to Poland hit with red paint

    No end in sight for Ukraine war as Putin hails Victory Day

  • Business
    Sensex Tanks 1,400 pts, Nifty Cracks Near 15,800: Why Indian Stock Market is Falling Today?

    Sensex Tanks 1,400 pts, Nifty Cracks Near 15,800: Why Indian Stock Market is Falling Today?

    Indian Oil Corporation Share Drops as Net Profit Slips in Q4; Should You Invest?

    Indian Oil Corporation Share Drops as Net Profit Slips in Q4; Should You Invest?

    ABi research

    IoT Partner Programs Embracing Renewable Energy Verticals

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    Pioneering Breakthroughs Win Global Acclaim for Union Assurance

    Adani Enterprise Limited

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    Egypt in talks with India on wheat export ban exemption

    Egypt in talks with India on wheat export ban exemption

    India bans exports of wheat, citing threat to food security

    Pilots at United will vote on contract after tentative deal

    India bans exports of wheat, citing threat to food security

    Interfaith group asks Starbucks to drop vegan milk surcharge

    India bans exports of wheat, citing threat to food security

    Baby formula shortage fueling spike in milk bank interest

  • Tech
    WhatsApp may soon allow you to use the same chat account on multiple devices

    WhatsApp may soon allow you to use the same chat account on multiple devices

    Twitter’s deal account shows Elon Musk signing without asking for more info.

    Twitter’s deal account shows Elon Musk signing without asking for more info.

    Stock rally eases as doubts grow over economic growth.

    Stock rally eases as doubts grow over economic growth.

    India has Come Out Of 2G Era Corruption; 5G Tech To Bring Positive Changes: PM Modi.

    India has Come Out Of 2G Era Corruption; 5G Tech To Bring Positive Changes: PM Modi.

    US warns over the risk of hiring North Korea IT workers

    US warns over the risk of hiring North Korea IT workers

    Sinar Mas Land launches Urban Gateway Fund to invest in smart city-tech startups in Indonesia

    Sinar Mas Land launches Urban Gateway Fund to invest in smart city-tech startups in Indonesia

    Alibaba extends cross-border logistics service

    Alibaba extends cross-border logistics service

    India bans exports of wheat, citing threat to food security

    SpaceX launches Starlink satellites from California

    India bans exports of wheat, citing threat to food security

    Moon goes blood red this weekend: ‘Eclipse for the Americas’

  • Entertainment
    Chris Rock could host Oscars 2023, hints ABC President.

    Chris Rock could host Oscars 2023, hints ABC President.

    Buck, Aikman excited about ‘starting over’ with ESPN

    Buck, Aikman excited about ‘starting over’ with ESPN

    Woori the Virgin: Lim Soo-hyang in bright and breezy immaculate conception K-drama

    Woori the Virgin: Lim Soo-hyang in bright and breezy immaculate conception K-drama

    Film producers defend safety in Alec Baldwin shooting

    Ukrainian circus comes to town, and stays in Italy, amid war

    Film producers defend safety in Alec Baldwin shooting

    Surprise! Justin Timberlake is in ‘Candy’ with Jessica Biel

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    Mario Batali acquittal underscores perils of #MeToo cases

    Film producers defend safety in Alec Baldwin shooting

    Film producers defend safety in Alec Baldwin shooting

    Gold Medal Games: Picking the best sports games in Nintendo’s multi-decade history

    Netflix might launch its ad-supported tier this year

    Gold Medal Games: Picking the best sports games in Nintendo’s multi-decade history

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  • Sports
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    Japan Sounded Out as 2023 AFC Asian Cup Hosts

    Top 5: Career best ICC batting ranking for Dimuth.

    Top 5: Career best ICC batting ranking for Dimuth.

     India rejoices in the Historic Thomas Cup Badminton Triumph.

     India rejoices in the Historic Thomas Cup Badminton Triumph.

    Asian Cup 2023

    China withdraws as host for the 2023 Asian Cup

    SEA Games

    Young wushu team ends victorious with 2 gold, 3 silver and a bronze

    Indian Shooters Won Seven Medals in Junior World Cup

    Indian Shooters Won Seven Medals in Junior World Cup

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    Watch: Will AB de Villiers return to RCB?

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    The way Up – Candid & Honest Storytelling with Olga Belka, A unique underwater artist

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    The way Up – Candid & Honest Storytelling with Sonal Holland

    The way Up – Candid & Honest Storytelling with Sonal Holland

    The way Up – Candid & Honest Storytelling with Viktor Nordir

    The way Up – Candid & Honest Storytelling with Viktor Nordir

    The way Up – Candid & Honest Storytelling with Susan Gibbs

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    The way Up – Candid & Honest Storytelling with Stan Bachev

    The way Up – Candid & Honest Storytelling with Stan Bachev

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    The way Up – Candid & Honest Storytelling with Sapna Anand

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    The way Up – Cuthbert Ncube, Chairperson, African Tourism Board (ATB)

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    Food Trail: Farah Khan visits Jones Social – Sharing good food together

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    FUNUN ARTS @WAD 2022

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    Iftar at Entre Nous, Novotel WTC Dubai

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    Body Abs Fitness Centre

    ZIDA- Invest in Zimbabwe, Secure your business’ future in Zimbabwe

    ZIDA- Invest in Zimbabwe, Secure your business’ future in Zimbabwe

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    Food Trail: Farah Khan visits Sirdanci Mehmet’s new restaurant @ Jumairah

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  • Fashion & Style
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    Caribbean Sun Sunglasses Launches New Website

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    Each One, Teach One with The Queen’s Collection

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    Fendi leads Milan trends with feminine silhouettes for men

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  • Finance
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    India bans exports of wheat, citing threat to food security

    GOP’s new midterm attack: Blaming Biden for formula shortage

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    China fights economic slump, sticks to costly ‘zero COVID’

    Inflation triggers California minimum wage increase in 2023

    Inflation triggers California minimum wage increase in 2023

    Dollar hits 9-month high as Fed on track to taper this year

    US dollar rate drops in some local banks

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  • World
    Stock rally eases as doubts grow over economic growth.

    Stock rally eases as doubts grow over economic growth.

    UN envoy warns Iraq’s ‘roads are about to boil’

    UN envoy warns Iraq’s ‘roads are about to boil’

    Japan’s economy contracts as energy prices soar

    Japan’s economy contracts as energy prices soar

    New US hospitals face fiscal crisis over COVID relief money.

    New US hospitals face fiscal crisis over COVID relief money.

    Beijing locks down more people in China’s ‘zero-COVID’ fight

    Beijing locks down more people in China’s ‘zero-COVID’ fight

    Marianna Vyshemirsky: ‘My picture was used to spread lies about the war.’

    Marianna Vyshemirsky: ‘My picture was used to spread lies about the war.’

    Srilankan Prime Minister says the country has run out of petrol.

    Srilankan Prime Minister says the country has run out of petrol.

    North Korea: Covid Outbreak becomes a Great Disaster.

    Covid: More Than 260,000 Infected In Last 24 Hours In North Korea.

    Andrew Symonds

    Police reveals new details that killed Andrew Symonds

  • Politics
    Kanchana Wijesekera

    Fuel situation looks better

    Buddhist festival- Sri Lanka

    Sri Lanka lifts curfew amidst crisis for Buddhist festival

    Yoshimasa Hayashi

    Indo-Pacific nations gets help from Japan of up to US$100 million to fight against COVID-19

    Disappointed by the silence of Political, Social and Economic Leaders on the humiliation of a girl in Kerala: Arif Mohammad Khan

    Disappointed by the silence of Political, Social and Economic Leaders on the humiliation of a girl in Kerala: Arif Mohammad Khan

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    TSA is expanding use of screeners to help at busy airports

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    Russian ambassador to Poland hit with red paint

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    Russian ambassador to Poland hit with red paint

    No end in sight for Ukraine war as Putin hails Victory Day

  • Business
    Sensex Tanks 1,400 pts, Nifty Cracks Near 15,800: Why Indian Stock Market is Falling Today?

    Sensex Tanks 1,400 pts, Nifty Cracks Near 15,800: Why Indian Stock Market is Falling Today?

    Indian Oil Corporation Share Drops as Net Profit Slips in Q4; Should You Invest?

    Indian Oil Corporation Share Drops as Net Profit Slips in Q4; Should You Invest?

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    Pioneering Breakthroughs Win Global Acclaim for Union Assurance

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    Egypt in talks with India on wheat export ban exemption

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  • Tech
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    WhatsApp may soon allow you to use the same chat account on multiple devices

    Twitter’s deal account shows Elon Musk signing without asking for more info.

    Twitter’s deal account shows Elon Musk signing without asking for more info.

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    Stock rally eases as doubts grow over economic growth.

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    US warns over the risk of hiring North Korea IT workers

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    Sinar Mas Land launches Urban Gateway Fund to invest in smart city-tech startups in Indonesia

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    Chris Rock could host Oscars 2023, hints ABC President.

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    Buck, Aikman excited about ‘starting over’ with ESPN

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    Woori the Virgin: Lim Soo-hyang in bright and breezy immaculate conception K-drama

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    Ukrainian circus comes to town, and stays in Italy, amid war

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    Gold Medal Games: Picking the best sports games in Nintendo’s multi-decade history

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    Doctor Strange In The Multiverse Of Madness writer also wanted to see Tom Cruise show up as Iron Man

  • Sports
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    Japan Sounded Out as 2023 AFC Asian Cup Hosts

    Top 5: Career best ICC batting ranking for Dimuth.

    Top 5: Career best ICC batting ranking for Dimuth.

     India rejoices in the Historic Thomas Cup Badminton Triumph.

     India rejoices in the Historic Thomas Cup Badminton Triumph.

    Asian Cup 2023

    China withdraws as host for the 2023 Asian Cup

    SEA Games

    Young wushu team ends victorious with 2 gold, 3 silver and a bronze

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    Watch: Will AB de Villiers return to RCB?

    Watch: Will AB de Villiers return to RCB?

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    The way Up – Candid & Honest Storytelling with Olga Belka, A unique underwater artist

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    The way Up – Candid & Honest Storytelling with Viktor Nordir

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    The way Up – Candid & Honest Storytelling with Sapna Anand

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    The way Up – Cuthbert Ncube, Chairperson, African Tourism Board (ATB)

    Food Trail: Farah Khan visits Jones Social – Sharing good food together

    Food Trail: Farah Khan visits Jones Social – Sharing good food together

    ALIF

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    FUNUN ARTS @WAD 2022

    FUNUN ARTS @WAD 2022

    Iftar at Entre Nous, Novotel WTC Dubai

    Iftar at Entre Nous, Novotel WTC Dubai

    Body Abs Fitness Centre

    Body Abs Fitness Centre

    ZIDA- Invest in Zimbabwe, Secure your business’ future in Zimbabwe

    ZIDA- Invest in Zimbabwe, Secure your business’ future in Zimbabwe

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    Food Trail: Farah Khan visits Sirdanci Mehmet’s new restaurant @ Jumairah

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  • Fashion & Style
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    Caribbean Sun Sunglasses Launches New Website

    Each One, Teach One with The Queen’s Collection

    Each One, Teach One with The Queen’s Collection

    5,000-plus deaths under Ethiopia’s Tigray blockade

    Kim Jones back on runway as Fendi channels celestial Rome

    Feds launch website for claiming part 2 of child tax credit

    Dior couture celebrates the craft of fashion in Paris show

    Monthlong pandemic lockdown lifted on China’s Xi’an

    Kenzo returns to Japanese roots in history-making moment

    Asian shares mixed after China reports slowing growth

    Jeff Goldblum, Kyle MacLachlan bookend Prada menswear show

    Fendi leads Milan trends with feminine silhouettes for men

    Fendi leads Milan trends with feminine silhouettes for men

    Yili Expands Global Presence with Launch of New Dairy Production Base in Indonesia

    Tsz Wan Shan Centre Presents a “Purple Christmas”, Capsule Machine-Inspired 5-Metre-Tall Christmas Tree Aglow in the Sky Garden

    Lynching of Sri Lankan : Pakistan says most wanted suspect arrested

    DHL and Christy Ng unveil eye-catching collection inspired by couriers

  • Finance
    India bans exports of wheat, citing threat to food security

    Bitcoin tumbles, a stablecoin plunges in wild week in crypto

    India bans exports of wheat, citing threat to food security

    GOP’s new midterm attack: Blaming Biden for formula shortage

    China fights economic slump, sticks to costly ‘zero COVID’

    Japan’s SoftBank sinks to losses as investments sour

    China fights economic slump, sticks to costly ‘zero COVID’

    Powell: ‘Soft’ economic landing may be out of Fed’s control

    China fights economic slump, sticks to costly ‘zero COVID’

    Senate confirms Powell for 2nd term as Fed fights inflation

    China fights economic slump, sticks to costly ‘zero COVID’

    Crypto meltdown prompts Yellen to call for new regulation

    China fights economic slump, sticks to costly ‘zero COVID’

    China fights economic slump, sticks to costly ‘zero COVID’

    Inflation triggers California minimum wage increase in 2023

    Inflation triggers California minimum wage increase in 2023

    Dollar hits 9-month high as Fed on track to taper this year

    US dollar rate drops in some local banks

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SpaceX raises $850 million in fresh funding

Editorial Desk by Editorial Desk
February 17, 2021
in Business
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SpaceX raises $850 million in fresh funding

FILE PHOTO: SpaceX founder and chief engineer Elon Musk attends a news conference at the Kennedy Space Center in Cape Canaveral, Florida, U.S. January 19, 2020. REUTERS/Steve Nesius

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SpaceX owned by Tesla Chief Executive Elon Musk completed an equity funding of $850 million that sent its valuation to about $74 billion last week, according to a report by CNBC.

SpaceX raised the funds at $419.99 a share and the latest funding round represents a jump of about 60% in the company’s valuation from its previous raise, which valued it at $46 billion, the report said.

The company had raised $1.9 billion in August in its largest single fundraising round, according to PitchBook data.

A prototype of SpaceX’s Starship rocket, the SN9, exploded earlier this month during a landing attempt after a high-altitude test launch in a repeat of an accident that destroyed a previous test rocket.

The Starship SN9 prototype was a test model of the heavy-lift rocket being developed by the company to carry humans and 100 tons of cargo on future missions to the moon and Mars.

Earlier in February, Musk’s electric vehicle company Tesla revealed that it had bought $1.5 billion of bitcoin and would soon accept the cryptocurrency as a form of payment for its cars.

A well-known supporter of cryptocurrencies, Musk has weighed in regularly on the recent frenzy in retail trading, driving up prices of meme-based digital currency dogecoin and shares of U.S. video game chain GameStop.

Tags: Elon MuskSpaceX
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