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Readers! A November fund-raising drive!

 

It is unfortunately time for another November fund-raising campaign to support my work here at Behind the Black. I really dislike doing these, but 2025 is so far turning out to be a very poor year for donations and subscriptions, the worst since 2020. I very much need your support for this webpage to survive.

 

And I think I provide real value. Fifteen years ago I said SLS was garbage and should be cancelled. Almost a decade ago I said Orion was a lie and a bad idea. As early as 1998, long before almost anyone else, I predicted in my first book, Genesis: The Story of Apollo 8, that private enterprise and freedom would conquer the solar system, not government. Very early in the COVID panic and continuing throughout I noted that every policy put forth by the government (masks, social distancing, lockdowns, jab mandates) was wrong, misguided, and did more harm than good. In planetary science, while everyone else in the media still thinks Mars has no water, I have been reporting the real results from the orbiters now for more than five years, that Mars is in fact a planet largely covered with ice.

 

I could continue with numerous other examples. If you want to know what others will discover a decade hence, read what I write here at Behind the Black. And if you read my most recent book, Conscious Choice, you will find out what is going to happen in space in the next century.

 

 

This last claim might sound like hubris on my part, but I base it on my overall track record.

 

So please consider donating or subscribing to Behind the Black, either by giving a one-time contribution or a regular subscription. I could really use the support at this time. 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.

 

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SpaceX in preliminary negotiations for another big fundraising round

Capitalism in space: According to this report, SpaceX is now in preliminary negotiations with investors prior to beginning another big fundraising round, even though the company just raised $1.9 billion in private investment capital in August.

The talks are still in early phases, and exact pricing for the fundraising round has not yet been determined, one of the people said. Terms could still change, and it could take several weeks to decide and firm up allocations, the person added. SpaceX also may not be able to convince investors to give it the lofty valuation it desires. Allocations refer to which investors will be authorized to buy shares and how much they will pay for those shares.

“It’s a pretty big shock to me, honestly,” one of the people said. “What company jumps to double its valuation in six months? I don’t care at what scale you’re operating, it’s kind of crazy,” they added. “If you look at the series, every single valuation is a 10 to 20% bump.”

It appears that the company is trying to leverage its successes with Dragon, Starship, and Starlink to obtain more funding. The story also suggests that SpaceX now has a better sense of what it will cost to get Starship built, and thus is looking to obtain those funds now, when they are in a good position to get them.

Genesis cover

On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.

 

The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.


The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
 

"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News

5 comments

  • The interesting thing about these SpaceX funding drives is how much it pulls away from other space development companies, especially the small ones. Why bet on a seed round company when you can get in on a SpaceX deal? I applaud their work but the funding market needs to grow too as these big deals choke out the small ones.

  • jburn

    Is the funding really dramatically different from the Blue Origin levels of funding? Considering what SpaceX achieves versus Blue Origin the funding doesn’t seem too outrageous. SpaceX appears to be actually making money from various income streams.

  • jburn: My impression is that even with these additional funds, the additional investment capital funding that SpaceX is getting barely matches what Jeff Bezos has raised in selling his Amazon stock. Considering how much more SpaceX has gotten done, including making money, a comparison with Blue Origin is downright embarrassing for the latter.

  • Dick Eagleson

    As with Tesla’s recent equity sale, SpaceX is striking while the iron is hot. 2020 has been a very good year for SpaceX. 2021 could well prove significantly better.

  • Edward

    Joe asked: “Why bet on a seed round company when you can get in on a SpaceX deal?

    The venture capitalists who do not have the billion-dollar funds that SpaceX is looking for are the ones that bet on the smaller companies and projects. SpaceX is looking for investors who are not going to interfere, who are willing to be silent investors, or relatively so, even though they are putting up huge sums of money.

    A small startup company needs to look for funding from those who fund small startup companies. This is a very specialized market that the billion-dollar guys do not want to spend the resources on. The small startups take a lot of nursing and attention, not silent investors.

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