Musk’s SpaceX aiming to raise $1.7 billion in additional investment

SpaceX is aiming to raise $1.7 billion in additional investment, a major undertaking as its controversial inventor Elon Musk continues to create headlines.

Media claimed that the space travel pioneer will be paying $70 per share, up from $56 per share after a stock split in February, according to a company-wide email acquired by the network.

That would value the 20-year-old corporation at $127 billion, making it the first private enterprise to take humans into space, among many other firsts.

In recent years, SpaceX has collected billions of dollars to fund construction on its next-generation Starship rocket and its Starlink global satellite internet network.

Meanwhile, the independent online publication Insider claimed this week that SpaceX had paid $250,000 to settle a sexual misconduct allegation filed against Musk by a flight attendant aboard a SpaceX corporate plane.

Musk, 50, has denied the claim, writing on Twitter on Thursday that “for the record, those outlandish charges are totally incorrect.”

Musk, who is also the CEO of Tesla, announced that he is offering $44 billion to acquire Twitter.

However, he stated last week that he required more information on the frequency of false or spam accounts on the popular social networking site before proceeding with the acquisition.

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