SpaceX seeking another $1.725 billion in investment capital – Behind The Black – Robert Zimmerman

Capitalism in space: SpaceX has begun another private funding round, now asking for $1.725 billion in new investment capital.

The space venture is looking to bring in up to $1.725 billion in new capital, at a price of $70 per share, according to a company-wide email on Friday obtained by CNBC. Notably, SpaceX split its stock price 10-for-1 in February, which reduced the common stock to $56 a share – with the new valuation representing a 25% increase.

When added to past funding rounds — and including the $2.9 billion provided by NASA for turning Starship into a manned lunar lander — SpaceX will have raised approximately $12 billion total for building Starship….