SpaceX hopes to raise $500m for its satellite broadband network
SpaceX is seeking to raise $500 million from investors for its expansive satellite broadband network.
The funds will be raised in a funding round that would value the company at $30.5 billion. According to The Wall Street Journal, SpaceX has agreed shareholders will pay $186 per share for new stock.
SpaceX is yet to receive the money, but it’s expected the deal could be announced by the end of December.
Earlier this year, SpaceX was permitted to launch 4,425 low-orbit satellites for its global broadband ambitions....