SpaceX Raises Nearly $350 Million As It Prepares For Crew Dragon Launch

By Amit Chowdhry • May 28, 2020
  • SpaceX recently raised nearly $350 million, according to a document filed with the SEC. This funding comes on the heels of SpaceX preparing for the Crew Dragon launch.

SpaceX recently raised nearly $350 million, according to a document filed with the SEC discovered by Fool.com. Founded in 2002 by Elon Musk, SpaceX indicated that it raised $221.2 million from 11 investors back in March as part of a $250 million offering. The amended filing specifically says that 16 investors plugged $346.2 million in this round of funding so far.

This announcement comes at a time when SpaceX was scheduled to launch a manned test flight of the Crew Dragon spacecraft using a SpaceX Falcon 9 rocket. But due to stormy weather across the Space Coast of Florida, SpaceX had to postpone the launch of the two astronauts to Saturday. This would be the first piloted flight to orbit from U.S. soil in almost nine years.

The two astronauts that will be onboard are Bob Behnken and Doug Hurley. And the next launch window of opportunity is at 3:22 p.m. ET on Saturday, May 30, 2020. This is when the space station will be located in the optimal position from the Demo-2’s launch site at NASA Kennedy Space Center in Florida, according to SpaceX’s vice president of mission assurance Hans Koenigsmann via Space.com.