<p>Aerospace firm SpaceX is looking to raise $1.7 billion in fresh funding, a massive initiative as its controversial founder Elon Musk continues to make news, television channel CNBC reported Sunday.</p>.<p>Citing a company-wide email the network said it obtained, <em>CNBC</em> reported the space travel pioneer would be paying $70 a share -- 25 per cent above the $56 a share the stock traded for in February after a stock split.</p>.<p>That would value the 20-year-old firm -- the first private company to send astronauts into orbit, among many other firsts -- at $127 billion.</p>.<p>That valuation has climbed steadily in recent years as SpaceX raised billions to finance work on its next-generation Starship rocket and its Starlink global satellite internet network.</p>.<p>Meanwhile, independent online website Insider reported this week that SpaceX had paid $250,000 to resolve a complaint for alleged sexual misconduct by Musk against an attendant on a SpaceX corporate jet.</p>.<p>The 50-year-old Musk has rejected the charge, saying Thursday on Twitter that "for the record, those wild accusations are utterly untrue."</p>.<p>Musk, who is also the CEO of carmaker Tesla, said he was making a $44 billion offer to buy Twitter.</p>.<p>But this week he said he first needed clarity on the prevalence of fake or spam accounts on the popular social media platform before moving forward with the purchase.</p>
<p>Aerospace firm SpaceX is looking to raise $1.7 billion in fresh funding, a massive initiative as its controversial founder Elon Musk continues to make news, television channel CNBC reported Sunday.</p>.<p>Citing a company-wide email the network said it obtained, <em>CNBC</em> reported the space travel pioneer would be paying $70 a share -- 25 per cent above the $56 a share the stock traded for in February after a stock split.</p>.<p>That would value the 20-year-old firm -- the first private company to send astronauts into orbit, among many other firsts -- at $127 billion.</p>.<p>That valuation has climbed steadily in recent years as SpaceX raised billions to finance work on its next-generation Starship rocket and its Starlink global satellite internet network.</p>.<p>Meanwhile, independent online website Insider reported this week that SpaceX had paid $250,000 to resolve a complaint for alleged sexual misconduct by Musk against an attendant on a SpaceX corporate jet.</p>.<p>The 50-year-old Musk has rejected the charge, saying Thursday on Twitter that "for the record, those wild accusations are utterly untrue."</p>.<p>Musk, who is also the CEO of carmaker Tesla, said he was making a $44 billion offer to buy Twitter.</p>.<p>But this week he said he first needed clarity on the prevalence of fake or spam accounts on the popular social media platform before moving forward with the purchase.</p>