Italy’s biggest bank will invest in SpaceX
Italy’s largest bank, Intesa Sanpaolo, announced today that is joining in SpaceX as a private investment partner.
No details of the investment deal were released, but it likely adds a significant amount to the almost $11 billion in investment capital SpaceX has already gotten from the private sector, most of which is being used to develop Starship, Superheavy, and Starlink.
Very clearly, the investment community sees value and large future profits from SpaceX and Elon Musk, and wants to support it. Contrast this with the attitude of the Biden administration and the left, which apparently prefers to squelch this progress for the sake of power.
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Italy’s largest bank, Intesa Sanpaolo, announced today that is joining in SpaceX as a private investment partner.
No details of the investment deal were released, but it likely adds a significant amount to the almost $11 billion in investment capital SpaceX has already gotten from the private sector, most of which is being used to develop Starship, Superheavy, and Starlink.
Very clearly, the investment community sees value and large future profits from SpaceX and Elon Musk, and wants to support it. Contrast this with the attitude of the Biden administration and the left, which apparently prefers to squelch this progress for the sake of power.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID 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. Every one of those 2020 conclusions has turned out right.
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.
The first permanent colonist who declares they own any part of Mars will cause a HUGE investment rush.
It will turn into a “gold rush” for Martian land. Trillions of dollars will flood into Mars endeavors
No matter what the agreements already made and signed to are, every nation who can will send colonists and eventually security forces to protect them..
All of this investment now is equivalent to the first ships sent looking for a passage to the Orient. the colonial movement after Columbus was a hundred times bigger and more expensive.
The more money flowing to SpaceX, the greater the pressure on Government to leave be. “Well, Senator, we’d be happy to contribute to your campaign fund for a little consideration.”
“The first permanent colonist who declares they own any part of Mars will cause a HUGE investment rush.” Speaking of the colonial movement, makes me wonder who they’ll be stealing the land from.
The launch rate Musk was predicting in his most recent interview linked from BTB is very high. Why not locate one of the offshore platforms he mentioned off the coast of Italy, eventualy?
This and Stoke’s new funding is great news