SpaceX Reports Raising Nearly $350 Million, Crushing Initial Estimate for Latest Funding Round

SpaceX Reports Raising Nearly $350 Million, Crushing Initial Estimate for Latest Funding Round

According to a Tuesday filing with the Securities and Exchange Commission (SEC), SpaceX's latest funding round was a smashing success. Elon Musk, the CEO of carmaker and solar energy provider Tesla (NASDAQ: TSLA), founded SpaceX in 2002. In March, SpaceX filings indicated it had raised $221.2 million in funding from 11 investors, in response to a $250 million offering.