Investor Relations

Science • Space
SpaceX raises $346 million a day before of debut astronaut mission
Crew Dragon
Crew Dragon Credit: NASA

SpaceX on Tuesday announced it raised an additional $346.2 million to its current round of financing, totalling $567 million. The closing of this round happens a day before the company launches two American astronauts to the International Space Station.

Valued at around $36 billion, SpaceX remains one of the most valuable non-listed companies in the world.

Technology • Internet & Web
WeWork’s Adam Neumann sues SoftBank over canceled $3 billion stock deal

WeWork co-founder Adam Neumann sued SoftBank, its biggest investor, over the Japanese company’s decision to scuttle a $3 billion deal to buy stock from employees and other shareholders.

Bloomberg reports Neumann contends that SoftBank Group relied on legally faulty pretexts to renege on its agreement to buy the office-sharing company’s stock as the conglomerate’s financial position weakened, according to a copy of the complaint.