Elon Musk

SpaceX Raised $1.9B in Biggest Funding Round Yet as Space Economy Expected to Be Worth $1 Trillion in 20 Years

As first reported by Bloomberg , SpaceX has expanded the size of the round due to strong demand, weeks after the successful launching astronauts who orbited to the International Space Station.

(Photo : Kevork Djansezian/Getty Images)SpaceX CEO Elon Musk Unveils Company's New Manned Spacecraft, The Dragon V2 HAWTHORNE-CA-MAY 29: SpaceX CEO Elon Musk unveils the company's new manned spacecraft, The Dragon V2, designed to carry astronauts into space during a news conference on May 29, 2014, in Hawthorne, California.

Morgan Stanley analysts recently projected that the space economy will be worth at least $1.1 trillion in 2040 after "a string of remarkable feats by SpaceX."

SpaceX has recently completed its most prominent mission yet after the two NASA astronauts returned to Earth earlier this month after their successful journey to the ISS.

The two astronauts, Bob Behnken and Doug Hurley, safely arrived back home on August 2 after SpaceX's Crew Dragon capsule splashed down in the Gulf of Mexico.

SpaceX will launch a bigger group as soon as September as the company prepares for opening tourist flights to the ISS as early as 2021 if the next crewed missions work well.

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