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.
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 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
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.
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 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
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!