SpaceX raises a half billion for its Starlink satellite constellation
Capitalism in space: SpaceX has raised $500 million in investment capital to help fund its planned Starlink internet constellation expected to have just under 12,000 satellites in orbit.
I wonder if SpaceX will also be using this money for the development of Super Heavy/Starship. The article implies no, but the article also does not have access to the specific terms of the deal.
I also notice the interesting timing of this story today and yesterday’s story about how the Starlink satellites pose a threat of hitting people when they get de-orbited. Timing like this is rarely an accident. There are a lot of competitors to SpaceX who do not want it to succeed, and it would not surprise me if they are trying to throw a wrench in the operation to stop Starlink. A bad report like yesterday’s might cause big investors to back out.
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Capitalism in space: SpaceX has raised $500 million in investment capital to help fund its planned Starlink internet constellation expected to have just under 12,000 satellites in orbit.
I wonder if SpaceX will also be using this money for the development of Super Heavy/Starship. The article implies no, but the article also does not have access to the specific terms of the deal.
I also notice the interesting timing of this story today and yesterday’s story about how the Starlink satellites pose a threat of hitting people when they get de-orbited. Timing like this is rarely an accident. There are a lot of competitors to SpaceX who do not want it to succeed, and it would not surprise me if they are trying to throw a wrench in the operation to stop Starlink. A bad report like yesterday’s might cause big investors to back out.
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.
I hope we don’t read about how Spacex is loaning $500M to Tesla to help it over its financial problems….