SpaceX raises $346 million more in investment capital
Capitalism in space: According to Elon Musk, SpaceX has raised an additional $346 million more in investment capital.
According to the very short article at the link, this brings the total raised during this latest fund-raising round to $567 million. This is puzzling, as in March SpaceX announced that it had raised $500 million in this round. If the company has raised an additional $346, the total should be higher.
Either way, this brings the total raised by the company to close to $2 billion, almost all of which is being dedicated to building Starship & Super Heavy. Compared to what NASA spends on SLS/Orion — about $3 billion per year with a total about $50 billion when its first manned mission occurs finally in 2024 — this is chicken feed. However, for a private company fueled by competition and good management (unlike NASA), it is likely more than enough to get the job done.
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In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
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Capitalism in space: According to Elon Musk, SpaceX has raised an additional $346 million more in investment capital.
According to the very short article at the link, this brings the total raised during this latest fund-raising round to $567 million. This is puzzling, as in March SpaceX announced that it had raised $500 million in this round. If the company has raised an additional $346, the total should be higher.
Either way, this brings the total raised by the company to close to $2 billion, almost all of which is being dedicated to building Starship & Super Heavy. Compared to what NASA spends on SLS/Orion — about $3 billion per year with a total about $50 billion when its first manned mission occurs finally in 2024 — this is chicken feed. However, for a private company fueled by competition and good management (unlike NASA), it is likely more than enough to get the job done.
Readers!
Please consider supporting my work here at Behind the Black. Your support allows me the freedom and ability to analyze objectively the ongoing renaissance in space, as well as the cultural changes -- for good or ill -- that are happening across America. Fourteen years ago I wrote that SLS and Orion were a bad ideas, a waste of money, would be years behind schedule, and better replaced by commercial private enterprise. Only now does it appear that Washington might finally recognize this reality.
In 2020 when the world panicked over COVID I wrote that the panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Only in the past year have some of our so-called experts in the health field have begun to recognize these facts.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
Is this an investment in Space X rocket launch company or in his Starlink Satellite company. If they are separate.
Or will both continue to be the same company so investing in one is investing in the other.
pzatchok: SpaceX has already stated, and I have reported it here several times, that this investment money has nothing to do with Starlink. They are funding that in house. The investment capital raised must be almost exclusively going to developing Starship.
But whats the billion dollar profit these investors are seeing to get their money back on?
Unless they are told this is also an investment in the potential trillion dollar profit from Starlink.
The capital could all be going to Starship but the return must come from something salable.
Unless he plans on selling a few billion dollars worth of Starships. Directly to the US government. I can not see him renting out 3 billion or more in Starship launches to the US government.
I did a brief search to find out if any capital was pulled out of starship due to economy/economic pressures.
Saudi Arabia is rumors, and China is playing games because of political issues. ( just recently they announced they are absorbing Hong Kong and declared they are planning to take Taiwan)
Elon’s declaration of leaving California has brought on reprisals and threats like this;
(warning, this socialist rant is full of profanity)
https://www.accredited-times.com/2020/05/11/musk-must-be-punished-for-his-insolence/
I find it hard to believe that any part of this article to be taken serious or believed. It gives me insight to what is wrong with Kalifornia.
“”California does not need capitalism, nor does it need manufacturing or automobiles. California needs free healthcare, clean air, clean water, open borders, free abortions, and free needle exchange programs. California needs progress, not industry. Californians want to live at one with Gaia.””
Elon’s response “if you don’t make stuff” “you don’t have stuff”
“$39.5 billion”
“Elon Musk’s reported net worth, as of March 2020.”
https://www.investopedia.com/articles/investing/031316/elon-musks-5-best-investments-tsla-pypl.asp
Starlink is not a separate company. Elon has said it is going to remain part of SpaceX. Therefore, an investment in SpaceX is also an investment in Starlink.
As to what the outside customer revenue potential of Starship is, long-term, that is unknowable with any precision at present. But Space Force seems bent on deploying multiple large satellite constellations over the next decade. As that generic task will also be Starship’s first job once operational in 1st-generation cargo-only form, it would seem Space Force might well find Starship extremely useful for the same purpose as SpaceX itself. Given SpaceX’s proven expertise in satellite design, Space Force’s interest may well also extend to the design and manufacture of some or all its future constellations. I expect SpaceX to do a huge amount of work for Space Force in the coming decade, far beyond the NSSL Phase 2 contracts for which I also expect it to be one of the two winners.
How long before we can start mining for the Delithium Chrystal’s?