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.
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: 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.
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
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.