SpaceX Elona Muska raises $ 850 million in capital

SpaceX billionaire Elon Musk has raised about $ 850 million in capital, a private rocket launch service announced on Tuesday.

The private space company raised $ 1.9 billion in August in its largest single round of fundraising, according to financial software vendors and PitchBook data.

The latest round reportedly raised the valuation of the company, whose investors are Alphabet Inc and Fidelity Investments, to about $ 74 billion.

Earlier this month, a prototype of SpaceX’s Starship rocket exploded during a landing attempt after a test launch at high altitude.

The SN9 prototype was a test model of a rocket for heavy cranes that the company developed to transport people and 100 tons of cargo in future missions to the Moon and Mars.

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