Posted: Fri, Feb 19, 2021, 6:53 PM ET (2353 GMT)
SpaceX has reportedly raised a new round of $850 million, valuing the company at $74 billion. The round, closed last week, valued the company at $419.99 per share, a 60% increase from its previous round last August. One source claimed there was "insane demand" for the funding round, which was significantly oversubscribed. The company did not confirm the funding round.

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