Wednesday, September 23, 2020

SpaceX Gets Investment From Legendary Ventures

Hawthorne, California-based rocket and spacecraft developer SpaceX has just closed a Series N funding round, according to investor Legendary Ventures, which invested in the round. Amount of the Series N funding round was not announced, and Legendary Ventures did not say how much it invested in SpaceX through the round, and whether is was a major or minor investor in the round. Legendary says it invests in consumer, retail and technology companies, including businesses with enterprise values ranging between $1 billion and $100 billion. The investment firm's General Partner is Jayson Kim. A report in August said SpaceX was raising $1.9 billion in new funding, at a valuation of $46 billion.