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.
The support of my readers through the years has given 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. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
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. Even today NASA and Congress refuse to 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.
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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.
The support of my readers through the years has given 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. Four years ago, just before the 2020 election I wrote that Joe Biden's mental health was suspect. Only in this year has the propaganda mainstream media decided to recognize that basic fact.
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. Even today NASA and Congress refuse to 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.
Please consider supporting my work here at Behind the Black.
You can support me either by giving a one-time contribution or a regular subscription. There are five 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:
5. 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. And if you buy the books through the ebookit links, I get a larger cut and I get it sooner.
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