Elon Musk’s SpaceX is the primary non-public firm to ship astronauts into orbit. (File)

Washington:

Aerospace agency SpaceX is trying to increase $1.7 billion in contemporary funding, an enormous initiative as its controversial founder Elon Musk continues to make information, tv channel CNBC reported Sunday.

Citing a company-wide e-mail the community stated it obtained, CNBC reported the house journey pioneer can be paying $70 a share — 25 p.c above the $56 a share the inventory traded for in February after a inventory break up.

That would worth the 20-year-old agency — the primary non-public firm to ship astronauts into orbit, amongst many different firsts — at $127 billion.

That valuation has climbed steadily lately as SpaceX raised billions to finance work on its next-generation Starship rocket and its Starlink international satellite tv for pc web community.

Meanwhile, unbiased on-line web site Insider reported this week that SpaceX had paid $250,000 to resolve a grievance for alleged sexual misconduct by Musk towards an attendant on a SpaceX company jet.

The 50-year-old Musk has rejected the cost, saying Thursday on Twitter that “for the record, those wild accusations are utterly untrue.”

Musk, who can be the CEO of carmaker Tesla, stated he was making a $44 billion provide to purchase Twitter.

But this week he stated he first wanted readability on the prevalence of pretend or spam accounts on the favored social media platform earlier than shifting ahead with the acquisition.

(Except for the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)