May 24, 2022
2 mins read

SpaceX aims to raise $1.7 billion: Report

That valuation has climbed steadily in recent years as SpaceX raised billions to finance work on its next-generation Starship rocket and its Starlink global satellite internet network….reports Asian Lite News

Billionaire Elon Musk’s aerospace firm SpaceX is looking to raise $1.7 billion in fresh funding, as its controversial founder continues to make news, according to a CNBC report.

Citing a company-wide email the network said it obtained, CNBC reported the space travel pioneer would be paying $70 a share — 25 percent above the $56 a share the stock traded for in February after a stock split.

According to reports, that would value Musk’s firm at $127 billion.

That valuation has climbed steadily in recent years as SpaceX raised billions to finance work on its next-generation Starship rocket and its Starlink global satellite internet network.

Meanwhile, Musk, who refuted reports that claimed SpaceX paid a female worker $250,000 to hush up sexual misconduct charges against him, once again touched upon the controversial subject on Twitter.

SpaceX to launch UAE’s MBZ-SAT in 2023



Chad Hurley, Co-founder of YouTube and an investor, asked Musk: “Hey, @elonmusk! Stop horsing around and close this Twitter deal. We all want a happy ending!”

Musk replied late on Saturday: “Hi Chad, long time no see! Fine, if you touch my wiener, you can have a horse”.

The exchange of words came as reports surfaced last week that Musk allegedly offered to buy a horse to a SpaceX female employee in exchange for an erotic massage and touching “his genitals”.

“She accused Musk of… rubbing her leg without consent, and offering to buy her a horse in exchange for an erotic massage,” a Business Insider report claimed, quoting interviews and documents.

The incident took place in 2016 and was reported in a declaration “signed by a friend of the attendant and prepared in support of her claim”.

Musk has refuted the report, saying: “It was clear that their only goal was a hit price to interfere with the Twitter acquisition. The story was written before they even talked to me.”

“Finally, we get to use Elongate as a scandal name. It’s kinda perfect,” tweeted Musk.

Another follower asked Musk: “Just curious, is the choice of a horse in exchange for the touch meant to signify anything?”

“An homage to Catherine the Greatest,” replied Musk.

Musk is currently engaged in a fierce battle to acquire Twitter, and has put the deal on hold unless he comes to know the real number of fake accounts on the platform.

The Tesla CEO said that the political attacks on him will escalate dramatically in the coming months as he is now supportive of Republicans.

ALSO READ: Musk sees net worth shrink by $12 bn

Previous Story

India’s fuel aid reaches Lanka

Next Story

India voices concern over WHO’s excess mortality claim

Latest from USA

Judge halts Trump from dismantling USADF

Congress established USADF as an independent agency in 1980, with the mandate to support economic development initiatives in AfricaXXX In a significant legal development, a federal judge in Washington, DC, has temporarily

Musk Goes Political

Billionaire tech mogul launches ‘America Party’ to challenge Washington’s status quo…reports Asian Lite News In a sensational twist to the Trump-Musk fallout saga, the Tesla CEO launched his own “America Party”. Musk

Mamdani: South Asian Pride or Parental Pressure?

For millions, Mamdani’s rise symbolizes both unprecedented representation and a new benchmark for parental expectations. The question now echoing across continents is whether this is a moment of collective pride or another

Texas floods leave at least 51 dead

The flooding in Kerr County killed at least 43 people, including 15 children, and at least eight people died in nearby counties…reports Asian Lite News Rescuers scoured a devastated central Texas landscape

Dalai Lama Turns 90, Rubio Sends Wishes

Ahead of his 90th birthday, the Nobel Peace Laureate also confirmed that he will have a successor…reports Asian Lite News US Senator Marco Rubio extended warm birthday wishes to the Dalai Lama
Go toTop

Don't Miss

Clinton, Trump named in Epstein documents

Spokespersons for Clinton have said he made trips to Europe,

Most Americans killed in Kabul airport attack were ‘9/11 babies’

IS-K, a radical affiliate of Daesh active in Afghanistan, had