Aerospace firm SpaceX is looking to raise $1.7 billion in fresh funding, a massive initiative as its controversial founder Elon Musk continues to make news, television channel CNBC reported Sunday.
Citing a company-wide email the network said it obtained,
CNBC reported the space travel pioneer would be paying $70 a share — 25 percent
above the $56 a share the stock traded for in February after a stock split.
That would value the 20-year-old firm — the first private
company to send astronauts into orbit, among many other firsts — at $127
billion.
That valuation has climbed steadily in recent years as
SpaceX raised billions to finance work on its next-generation Starship rocket
and its Starlink global satellite internet network.
Meanwhile, independent online website Insider reported this
week that SpaceX had paid $250,000 to resolve a complaint for alleged sexual
misconduct by Musk against an attendant on a SpaceX corporate jet.
The 50-year-old Musk has rejected the charge, saying
Thursday on Twitter that "for the record, those wild accusations are
utterly untrue."
Musk, who is also the CEO of carmaker Tesla, said he was
making a $44 billion offer to buy Twitter.
But this week he said he first needed clarity on the
prevalence of fake or spam accounts on the popular social media platform before
moving forward with the purchase.