These funds are in addition to the $1.33 billion raised previously. And according to the SpaceX official in charge of their Starlink satellite constellation, most of this money is not for Starlink:
While SpaceX expects it will cost about $10 billion or more to build the Starlink network, [vice president Jonathan] Hofeller said the company’s fundraising so far has largely not been directed to the Starlink division, as “we’ve been able to fund the development of Starlink primarily from our internal businesses.” He declared the company is in a “different position” in how it raises funds compared to other companies that are building satellite networks. “That’s why, in general, we’ve been very quiet about what we’re doing because we don’t need to go out and raise money for this particular venture,” Hofeller said.
This means the $1.83 billion raised is almost certainly all for developing Starship/Super Heavy.
Can SpaceX build this new heavy lift completely reusable rocket for that price? Considering that it cost them $500 million to develop Falcon Heavy, and that much of the engineering work from that will be applicable for the new rocket, I am willing to bet that they can.
My prediction is further reinforced by the company’s recent activities testing Starship’s tanks at Boca Chica, Texas. Only two weeks after a test to failure (resulting in some spectacular fireworks), the company has apparently successfully completed new tank tests on the next prototype.
In other words, they blew up a prototype, were able to clean up the mess, redesign what failed, and test it successfully, in only two weeks. To say such a pace would be impossible for NASA and its big space contractors like Boeing is probably the biggest understatement I’ve ever made.
This success should not make anyone think that the challenge of building Starship/Super Heavy will be easy or fast. This effort will be cutting edge engineering that in many ways will be beyond that edge. SpaceX is guaranteed to have further test failures along the way. Their pace, management approach, and track record however shows that the company knows how to deal with such issues, and will thus be able to proceed to completion.
Please consider donating to Behind the Black, by giving either a one-time contribution or a regular subscription, as outlined in the tip jar below. Your support will allow me to continue covering science and culture as I have for the past twenty years, independent and free from any outside influence.
Regular readers can support Behind The Black with a contribution via paypal:
If Paypal doesn't work for you, you can support Behind The Black directly by sending your donation by check, payable to Robert Zimmerman, to
Behind The Black
c/o Robert Zimmerman
Cortaro, AZ 85652