SpaceX seeking $250 million more in investment capital
Capitalism in space: According to anonymous sources, SpaceX is once again seeking more investment capital, this time totaling $250 million.
Last year the company raised $1.33 billion. While not as much as the personal cash that Jeff Bezos has raised for Blue Origin by selling his personal Amazon stock, it has been enough for SpaceX to accomplish far more. Not only is the company about to launch its first manned mission, it has quickly begun assembling its Starlink internet constellation in orbit, while pushing forward on Starship construction.
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.
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Capitalism in space: According to anonymous sources, SpaceX is once again seeking more investment capital, this time totaling $250 million.
Last year the company raised $1.33 billion. While not as much as the personal cash that Jeff Bezos has raised for Blue Origin by selling his personal Amazon stock, it has been enough for SpaceX to accomplish far more. Not only is the company about to launch its first manned mission, it has quickly begun assembling its Starlink internet constellation in orbit, while pushing forward on Starship construction.
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.
Does Warren Buffet own any SpaxeX…..
Col Beausabre: Unknown. SpaceX is not selling public stock. It is selling private stock, or acquiring investment capital. I am no expert on these financial matters, but regardless the investors are not publicly. I doubt Buffet is one of them.
They do this not to raise money but to give an $evaluation that/and allows employees to sell stock since they cannot on public market. Every employee is a stock holder which means nothing if you can never cash in.
They do have some stock owned by the public in the form of a couple investment funds through prudential, IIRC.
Bob B,
Fresh equity investment always provides a hard valuation for a company’s total worth and, therefore, the value of its individual shares. But there are well-established means of determining share value pretty well even in the absence of a recent equity infusion. There are specialized financial services firms that make such determinations for privately-held companies so that their stock-owning managers and employees are able to sell vested shares at certain times of the year. I believe SpaceX has such opportunities scheduled at least twice per year.
Wodun,
The only financial services company I know of with SpaceX shares on its books is Fidelity. It made a $100 million investment in SpaceX about five years ago. That stake is probably worth north of $1 billion by now. Google has also done nicely on its $900 million SpaceX investment made at the same time as Fidelity’s. That likely more than makes up for some other space-related Google investments that didn’t work out so well.