Elon Musk's SpaceX will raise $500 million in funding for a $30.5 billion valuation, up $2.5 billion from the previous investment round in April 2018, according to The Wall Street Journal. The company will use the money received to develop its Starlink global satellite Internet project . Investors have already agreed on the terms of financing, but the money has not yet been transferred. SpaceX may announce a new round of investment before the end of the year.

Details. The company will raise money from existing shareholders and a new investor, Scottish investment company Baillie Gifford & Co.

Baillie Gifford is also one of the biggest investors in another Musk-led company, Tesla, according to S&P Global Market Intelligence. Its share in the project is about 7.6%.
SpaceX investors will buy new shares of the company for $186 apiece, the source said. This is 10% more expensive than during the previous round in April, when the company raised money at $169 per share.

Context. According to Dow Jones VentureSource, SpaceX has raised more than $2.5 billion in investments in its most recent round in its history. In November, the company raised $250 million in its first-ever bond issue. In 2015, SpaceX planned to spend $3.5 billion to launch the first 800 satellites and hire about 1,200 employees, among other expenses. According to WSJ experts, it will take more than $10 billion to launch 11,000 satellites. According to the company's forecasts, by 2025 its revenue will be $30 billion.

Egor Sonin

Investors valued SpaceX at $30.5 billion