The GV-backed space exploration company is reportedly raising money at a valuation of almost $24bn, in a round that will be led by Fidelity.

SpaceX, the US-based spacecraft and rocket producer backed by internet and technology group Alphabet, plans to raise $500m of funding at a $23.7bn valuation, Recode reported yesterday, citing a regulatory filing.

The funding is set to come from the company’s existing backers, which include Alphabet subsidiary GV. Multiple sources told TechCrunch last month that SpaceX is lining up a $500m round that will be led by financial services and investment group Fidelity.

SpaceX develops, builds and launches space exploration vehicles…