: Elon Musk’s SpaceX pulls another $1.7 billion in funding

United States

Space Exploration Technologies Corp., better known as SpaceX, has pulled in another $ 1.7 billion in equity funding, according to a filing Monday.

Privately held SpaceX, led by Tesla Inc. TSLA, -7.10% Chief Executive Elon Musk, sold about $ 1.68 billion in new equity in a $ 1.72 billion offering, according to the Securities and Exchange Commission filing. The first sales occurred late last month, it said.