SpaceX raises more than a billion in investment capital
Capitalism in space: SpaceX announced this week that it has raised more than a billion dollars in investment capital.
The launch provider turned satellite operator raised $486.2 million in one round, and $535.7 million in another, the company said in May 24 filings to the U.S. Securities and Exchange Commission.
The filings show SpaceX sold all but $18.8 million of the shares available between the two rounds. The company raised $1.022 billion in total.
It appears the money will be used to finance the construction of both Super Heavy/Starship and their Starlink satellite constellation. The article also notes that SpaceX generated $2 billion in revenues last year. All told, the company seems to be in very healthy shape financially.
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Capitalism in space: SpaceX announced this week that it has raised more than a billion dollars in investment capital.
The launch provider turned satellite operator raised $486.2 million in one round, and $535.7 million in another, the company said in May 24 filings to the U.S. Securities and Exchange Commission.
The filings show SpaceX sold all but $18.8 million of the shares available between the two rounds. The company raised $1.022 billion in total.
It appears the money will be used to finance the construction of both Super Heavy/Starship and their Starlink satellite constellation. The article also notes that SpaceX generated $2 billion in revenues last year. All told, the company seems to be in very healthy shape financially.
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.
Concurrently, Tesla recently concluded a(nother) funding round and there’s been scuttlebutt about SpaceX & Tesla “merging.”
https://www.latimes.com/business/autos/la-fi-hy-tesla-musk-morgan-stanley-20190522-story.html
(caveat–consider the source; LA Times = fake news. Morgan Stanley = imaginary fiat money creators and pathological liars.)
For folks who have access to the Wall Street Journal– numerous lengthy non-flattering ‘articles’ this past week on SpaceX and Tesla. WSJ= Musk-haters, in general. (so to speak.)
((complete articles are behind a paywall, so I won’t even bothering linking to them.))
–I only follow this on a cursory basis– anyone know the progress on fully absorbing Solar-City?? (a money-pit, in my opinion)
wayne: Wall St hates Musk because his company is privately held and they can’t buy stock in it. So, the articles in the business press tend to be negative to Musk, and push for getting the company public in some way.
The articles suggeting SpaceX and Tesla will merge are an example. Pure garbage. Though Musk loves Tesla as much as SpaceX, he won’t let the former destroy the latter if the former is going to die.
Electric vehicles for transportation is the only viable option in an airless environment. The two companies may not merge together, but their destinies are linked.
Elon’s investment in Solar panels and lithium ion batteries is evidence of preparing for a future where he can control the availability/cost/technology/optimization of utility of his investment into a future colony on the moon, and mars.
Simply brilliant!