Space Exploration Technologies Corp. has generated some $337.4 million from its latest funding round, Reuters reported.

  • SpaceX reached a $100-billion valuation following a secondary share sale in October and raising $1.16 billion in equity in a funding round in April. The space economy is expected to be worth $1 trillion by 2040.
  • The company, which expects to land its Starship rockers on Mars before the end of the decade, counts investors, including Alphabet Inc. and Fidelity Investments. It has already launched cargo payloads and astronauts to the ISS and NASA.
  • SpaceX counts as competitors Jeff Bezos’ Blue Origin and Virgin Galactic, with all three firms already having had launched civilians into space this year.