According to a television broadcaster, SpaceX is aiming to raise $1.7 billion in new investment, a significant undertaking as its controversial founder Elon Musk continues to create headlines.

CNBC claimed that the space travel pioneer would be paying $70 per share, up from $56 per share after a stock split in February, according to a company-wide email acquired by the network.

The 20-year-old company would be valued at $127 billion, making it the first private enterprise to send astronauts into space, among many other firsts.

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