SpaceX is reportedly raising $500 million with help from Tesla’s largest shareholder

SpaceX is eyeing a $500 million funding round that values the company at more than $30 billion, the Wall Street Journal reports. 
Baillie Gifford, a century-old Scottish investment firm, owns about 7% of Tesla. An investment in SpaceX could be an affirmation of its confidence in CEO Elon Musk.
The firm's head of US equities explained to Business Insider in October how it spots the next big tech companies to invest its money. SpaceX is raising $500 million at a massive $30.5 billion val