Business

Billionaire Elon Musk's space technology research corporation is in talks to raise $ 44 billion in new capital, according to people who asked to remain anonymous. Also, now negotiations are underway for another amount of $ 1 billion at $ 270 per share. The round is unlikely to be completed in the next couple of months and the timing may change, one of the people said. In a July 20 research report, Morgan Stanley said that the company could ultimately be worth up to $ 175 billion. Morgan also said that SpaceX has raised $ 3.5 billion to date, and it's estimated around $ 50 billion in free cash flow burns out from 2019 to 2032, before satellite internet company Starlink generates free cash flow for the first time, in 2033, as reported Bloomberg.

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