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SpaceX took in $1.9 billion in new funding this month and plans to raise more, capping off a busy period that includes its first successful human spaceflight, a launch for a satellite-based Internet service and work on a massive ship slated to carry people to Mars.

The company, founded by Elon Musk, sold the bulk of its planned $2.07 billion offering to investors starting Aug. 4, according to a regulatory filing Tuesday. SpaceX plans to sell another $165 million in equity and preferred stock.

Seventy-five investors have participated in the latest round of funding, which will value the company at $46 billion, Bloomberg News reported last week. That would rank SpaceX as one of the most valuable venture-backed U.S. companies.

SpaceX’s fundraising comes during a fertile period, both for the Tesla sister company and capital markets more broadly. Technology companies, Tesla in particular, have been especially favored as … Read more

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When will the market post a new record?

The S&P 500 has been flirting with a new all-time high for the past week, briefly eclipsing the vaunted level on Aug. 12, before surrendering that high in afternoon trading most days (and again on Monday).

Yet, having already closed within 1{429fc2506e610357e12b2a5665db82631200a2e00b3a1d8839077d76f18e2e8b} of that new record, some analysts say the S&P 500 hitting a new high—and soon—is inevitable.

“History tells us that whenever the S&P 500 closed within 1{429fc2506e610357e12b2a5665db82631200a2e00b3a1d8839077d76f18e2e8b} of a new high, that milestone was eclipsed within an average of only eight calendar days,” CFRA’s Sam Stovall wrote in a note Monday. “The longest investors had to wait was 21 days. Should history repeat, and there’s no guarantee it will, the S&P 500 should set a new … Read more