Spacecraft manufacturer SpaceX has pushed its valuation to $74bn, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.

SpaceX, the US-based spacecraft producer and launch services provider backed by internet technology group Alphabet as an investor, has raised $850m in fresh funding, CNBC reported on Tuesday. The round is thought to value SpaceX at $74bn and the company‚Äôs shares sold for $419.99 in the transaction. Concurrently, unnamed existing backers sold $750m worth of…

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