SpaceX Funding Round at $74 Billion Valuation Was Led by Sequoia

Space Exploration Technologies Corp.’s latest funding round valuing it at about $74 billion was led by Sequoia Capital, according to a person familiar with the matter.

Other investors in the $850 million round included Valor Equity Partners, Coatue Management, D1 Capital Partners and Fidelity Investments, said the person.

Sequoia wrote the largest check in the round, with a share price of about $420, the person said. The firm was also the lead investor in round in SpaceX last summer -- the company’s most recent until now -- in which it was valued at $46 billion.

The venture capital ...