Musk's SpaceX raises $500 million at $30 billion valuation: Report

Elon Musk-led SpaceX is raising $500 million in a new funding round which would put its valuation at $30.5 billion, according to the Wall Street Journal. The capital reportedly comes from existing shareholders as well as new investor Baillie Gifford, a Scottish investment firm. SpaceX last raised $250 million in debt, bringing total funding amount to $2.2 billion.