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SpaceX Denies Funding and Valuation Report

TechCrunch reported earlier Tuesday that Space Exploration Technologies was in the midst of a large fundraising round that would value the company at just under $10 billion. But the private space flight company has denied the story in an email to Re/code. SpaceX Communications Director John Taylor said: “SpaceX is not currently raising any funding, nor has any external valuation of that magnitude or higher been done. The source in this report is mistaken.” Earlier SpaceX funders and others named as prospective investors declined to comment or weren’t immediately available.

This article originally appeared on Recode.net.

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