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Elon Musk’s SpaceX raises $346 million ahead of debut astronaut mission

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Elon Musk's SpaceX raises $346 million ahead of debut astronaut mission

The sun sets behind the Vehicle Assembly Building as preparations continue for NASA's SpaceX Demo-2 mission at the International Space Station at NASA's Kennedy Space Center in Cape Canaveral, Florida, on May 25, 2020. Photo taken on May 25, 2020. NASA / Joel Kowsky / Brochure via REUTERS.

(Reuters) – Elon Musk's SpaceX said on Tuesday that it raised $ 346.2 million in a new round of financing, the day before launching two American astronauts at the International Space Station.

The launch of the fourth manned mission by NASA's Kennedy Space Center private rocket company in Florida will end the US space agency's nine-year hiatus in human space flights.

The launch, with the participation of President Donald Trump, is crucial for Musk, SpaceX and NASA.

A successful flight will mark a milestone in the quest to produce reusable spaceships that can make space travel more accessible. Musk is the founder and CEO of SpaceX and CEO of Tesla Inc.

Including the last round, the company raised more than $ 567 million and is valued at about $ 36 billion, according to a CNBC report.

(The story is rewritten to add a & # 39; $ & # 39; sign in the title)

Neha Malara's report in Bengaluru; Edited by Anil D & # 39; Silva

Our standards:The Thomson Reuters Trust principles.

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