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SpaceX lands record $1.9B fundraising round

SpaceX has raised $1.9 billion in new capital, its largest-ever fundraising haul, according to PitchBook data. The latest funds reportedly value SpaceX at $46 billion, making it one of the most valuable US venture-backed companies.

A total of 75 investors pledged financing for the space company this month, but SpaceX still has about $165 million left to sell in its $2.1 billion offering, according to an SEC filing. Existing backer Fidelity Investments was one of the biggest participants in the round, according to Bloomberg.

On Tuesday, SpaceX successfully launched a Falcon 9 rocket, a record sixth flight for one of its boosters. The company plans to use the new cash to commercialize its Starlink satellite internet service and conduct test flights of its Starship and SuperHeavy booster launch vehicle, according to CNBC.

Picture: SpaceX's Falcon 9 rocket waits on the launchpad of Kennedy Space Center before a planned mission this May.
(Handout/Getty Images)

Airbnb says it will go public next year

Airbnb says it's going public in 2020. That's after reporting revenue of more than $1 billion in the second quarter. The company first mentioned a possible public listing in March, and it would be one of the last of the big unicorns that launched a decade ago, like Uber and Lyft, to go public. In addition, the company also revealed that users who list their homes and rooms on the platform have made more than $80 billion since it began.

Airbnb also said that through September 15, 2019 users who list their homes and rooms on the company’s marketplace have made more than $80 billion since the company’s launch. The supplemental income for underpaid teachers alone clocks in at $160 million, and roughly 51% of people surveyed by the company said hosting has helped them afford their home.

The company also said that Airbnb’s housing stock now includes 7 million listings in more than 100,000 cities around the world. Airbnb says that over 1,000 cities have more than 1,000 listings — eight years ago, that figure was only 12.

Read more via https://techcrunch.com/2019/09/19/airbnb-says-it-will-go-public-next-year/

Source: TechCrunch