SpaceX Raises $337 Million in Fresh Funding, Elon Musk Hits Back at Critics

Elon Musk’s SpaceX has raised $337.4 million in fresh funding, according to a regulatory filing on Wednesday.

The latest funding round comes just two months after SpaceX raised funds through a secondary share sale. CNBC reported at that time that SpaceX hit a $100 billion valuation. It is still unknown how much was SpaceX valued in the private market during the latest funding round.

Musk hinted earlier that SpaceX will become a public company once it becomes financially sustainable.

In the meantime, Musk responded to criticism that his SpaceX is flooding the space with satellites.

“Space is just extremely enormous, and satellites are very tiny. This is not some situation where we’re effectively blocking others in any way. We’ve not blocked anyone from doing anything, nor do we expect to,” Musk told the FT.

Josef Aschbacher, head of the European Space Agency, accused Elon Musk of “making the rules” related to the new commercial space economy.

Musk added that there’s room for “tens of billions of satellites.”

“A couple of thousand satellites is nothing. It’s like, hey, here’s a couple of thousand of cars on Earth — it’s nothing.”

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