In a posting by Jon Brodkin, the Senior IT Reporter at Ars Technica's infosite, SpaceX is raising $500 million from investors to help build its worldwide satellite broadband network — this information was originally reported at the Wall Street Journal.
The company run by Elon Musk has agreed on financing terms with existing shareholders and new investor Baillie Gifford & Co., who will pay $186 per share for new stock, valuing the company at $30.5 billion, according to Journal sources. SpaceX hasn't received the money yet but could announce the deal by the end of December, the Journal reported.