SpaceX raises another $750 million in private investment capital
SpaceX has just completed another round of fund-raising, gaining another $750 million in private investment capital.
This additional money now means that SpaceX has raised about $10 billion in private money, most of which is being used for the development of Starship and Superheavy. When we add the $4 billion SpaceX will get from NASA for Starship, the company now has $14 billion to build this new rocket.
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SpaceX has just completed another round of fund-raising, gaining another $750 million in private investment capital.
This additional money now means that SpaceX has raised about $10 billion in private money, most of which is being used for the development of Starship and Superheavy. When we add the $4 billion SpaceX will get from NASA for Starship, the company now has $14 billion to build this new rocket.
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.
… which he’ll need. Word is out that the tiling on the reusable second-stage is an absolute bear. The tiles mauled the Space Shuttle as well…
David Ross,
A difference is that SpaceX is still working to solve the thermal protection problems. NASA chose to live with it as it was. Had the problem been solved with the Shuttle, then the goal of rapid reuse probably would have been fulfilled, and the cost per launch would have decreased, too. As long as SpaceX keeps its eye on the goal, we should see an even greater increase in activities in space.
There is always the option of expending a few (or many) Starships to keep up the Starlink launch effort while the TPS problems are worked in the background. There are also Starship variants that don’t need TPS–depots, HLS and, perhaps, commercially sold upper stages. Expendable Starships on reusable boosters would still be much cheaper than any competitor for price of unit mass to orbit.
If I were Elon (ha ha! as if!) I would take the Starship TPS out of the “critical path” of testing the whole launch system (including reentry, up to the point where things go pear-shaped for the unprotected vehicle–hey they might learn something interesting) and getting Starlinks on orbit. Start making some of that money back *now* rather than wait for perfection.
Patrick Underwood wrote: “There is always the option of expending a few (or many) Starships to keep up the Starlink launch effort while the TPS problems are worked in the background.”
If SpaceX launches expendable Starships that do not reenter, then the payloads can be inside fairings that are discarded at altitude. This would increase the capacity of the Starship by some amount.
Edward, very true. That would be some serious mass discarded as soon as possible, increasing payload as you say. I’ve noticed F9 Starlink shots ditch the fairings almost immediately after staging, obviously for the same reason.
There’s also the advantage of getting a much earlier start on a track record for the booster and the upper stage propulsion system, which translates into a lower probability of failure when the reusable version debuts.
And there is the “optics,” how I hate that word, of—hard to articulate… if a fully reusable SS/SH fails, it can (will) be slanted to make Elon look like the hubristic fool “we” all know him to be, who well and truly has gotten too far over his skis this time. Failure of a semi-reusable vehicle doesn’t seem to offer as much ground for media-fueled schadenfreude—it’s more of an evolution of the Falcon 9, so failure doesn’t carry quite the same, uh, impact.
Don’t get me wrong, for most journalists, any SpaceX failure is like a 55-gallon drum of week-old chum dumped over the side of the boat. Even many that specialize in space news adopt a negative tone toward the company, for some utterly inexplicable reason. TOTALLY UNRELATED to that subject, Space “News” recently put on their front page a shamelessly transparent “sponsored” Boeing puff piece on the SLS. And there’s that word again, for some inexplicable reason, they disabled comments.
Inexplicable, I tell you!
Well I can only hope Elon is reading this thread. He could learn a thing or two. :)