SpaceX raises $1.5 billion

The company's total valuation has increased to $125 billion.

According to The Wall Street Journal, citing an unnamed investor, the space transportation company founded by tech billionaire Elon Musk has raised at least $1.5 billion in its recent funding round.

This brings SpaceX's valuation to roughly $125 billion. The company has not yet confirmed information about the new round and the increase in valuation.