<p>Tesla Chief Executive Elon Musk's SpaceX completed an equity funding round of $850 million that sent its valuation to about $74 billion last week, CNBC reported on Tuesday, citing people familiar with the financing.</p>.<p>SpaceX raised the funds at $419.99 a share and the latest funding round represents a jump of about 60% in the company's valuation from its previous raise, which valued it at $46 billion, the report said.</p>.<p>SpaceX did not immediately respond to a Reuters request for comment.</p>.<p>The company had raised $1.9 billion in August in its largest single fundraising round, according to PitchBook data.</p>.<p>A prototype of SpaceX's Starship rocket, the SN9, exploded earlier this month during a landing attempt after a high-altitude test launch in a repeat of an accident that destroyed a previous test rocket.</p>.<p>The Starship SN9 prototype was a test model of the heavy-lift rocket being developed by the company to carry humans and 100 tons of cargo on future missions to the moon and Mars.</p>.<p>Earlier in February, Musk's electric vehicle company Tesla revealed that it had bought $1.5 billion of bitcoin and would soon accept the cryptocurrency as a form of payment for its cars.</p>.<p>A well-known supporter of cryptocurrencies, Musk has weighed in regularly on the recent frenzy in retail trading, driving up prices of meme-based digital currency dogecoin and shares of U.S. video game chain GameStop.</p>
<p>Tesla Chief Executive Elon Musk's SpaceX completed an equity funding round of $850 million that sent its valuation to about $74 billion last week, CNBC reported on Tuesday, citing people familiar with the financing.</p>.<p>SpaceX raised the funds at $419.99 a share and the latest funding round represents a jump of about 60% in the company's valuation from its previous raise, which valued it at $46 billion, the report said.</p>.<p>SpaceX did not immediately respond to a Reuters request for comment.</p>.<p>The company had raised $1.9 billion in August in its largest single fundraising round, according to PitchBook data.</p>.<p>A prototype of SpaceX's Starship rocket, the SN9, exploded earlier this month during a landing attempt after a high-altitude test launch in a repeat of an accident that destroyed a previous test rocket.</p>.<p>The Starship SN9 prototype was a test model of the heavy-lift rocket being developed by the company to carry humans and 100 tons of cargo on future missions to the moon and Mars.</p>.<p>Earlier in February, Musk's electric vehicle company Tesla revealed that it had bought $1.5 billion of bitcoin and would soon accept the cryptocurrency as a form of payment for its cars.</p>.<p>A well-known supporter of cryptocurrencies, Musk has weighed in regularly on the recent frenzy in retail trading, driving up prices of meme-based digital currency dogecoin and shares of U.S. video game chain GameStop.</p>