SpaceX raises a half billion for its Starlink satellite constellation


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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.

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One comment

  • Col Beausabre

    I hope we don’t read about how Spacex is loaning $500M to Tesla to help it over its financial problems….

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