Capitalism in space: SpaceX has begun another private funding round, now asking for $1.725 billion in new investment capital.
The space venture is looking to bring in up to $1.725 billion in new capital, at a price of $70 per share, according to a company-wide email on Friday obtained by CNBC. Notably, SpaceX split its stock price 10-for-1 in February, which reduced the common stock to $56 a share – with the new valuation representing a 25% increase.
When added to past funding rounds — and including the $2.9 billion provided by NASA for turning Starship into a manned lunar lander — SpaceX will have raised approximately $12 billion total for building Starship.
Sounds like a lot, doesn’t it? Well, compared to what NASA has spent for its expendable SLS rocket (about $60 billion), $12 billion is chicken feed, especially because Starship will not be expendable, but entirely reusable.
If this contrast doesn’t illustrate the strength of freedom, competition, and private enterprise over government, I don’t know what does. Government, not caring about making a profit, produces a disposable rocket costing many billions, and takes two decades to do it. Private enterprise in comparison also wants a big rocket, but it also doesn’t look kindly on throwing away its investment with each launch. It instead insists the cost to build it be constrained, as well as the time to do it.
The result: Government accomplishes little and wastes a lot. Private enterprise makes it happen, and quickly for a reasonable cost.
From the press release: In this ground-breaking new history of early America, historian Robert Zimmerman not only exposes the lie behind The New York Times 1619 Project that falsely claims slavery is central to the history of the United States, he also provides profound lessons about the nature of human societies, lessons important for Americans today as well as for all future settlers on Mars and elsewhere in space.
Conscious Choice: The origins of slavery in America and why it matters today and for our future in outer space
, is a riveting page-turning story that documents how slavery slowly became pervasive in the southern British colonies of North America, colonies founded by a people and culture that not only did not allow slavery but in every way were hostile to the practice.
does more however. In telling the tragic history of the Virginia colony and the rise of slavery there, Zimmerman lays out the proper path for creating healthy societies in places like the Moon and Mars.
“Zimmerman’s ground-breaking history provides every future generation the basic framework for establishing new societies on other worlds. We would be wise to heed what he says.” —Robert Zubrin, founder of founder of the Mars Society.
Available everywhere for $3.99 (before discount) at Amazon, Barnes & Noble, and all ebook vendors, or direct from the ebook publisher, ebookit. And if you buy it from ebookit you don't support the big tech companies and I get a bigger cut much sooner.