SpaceX seeking more investment capital
Capitalism in space: SpaceX has begun its third round of private fund-raising this year, this time seeking more than $300 million.
The latest round, filed on Monday, seeks to raise $314.2 million at a price of $214 a share, according to a document seen by CNBC. The new equity would bring SpaceX’s total 2019 fundraising to $1.33 billion once completed.
The block of this new round appears to already be funded from the Ontario Teachers’ Pension Plan.
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.
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Capitalism in space: SpaceX has begun its third round of private fund-raising this year, this time seeking more than $300 million.
The latest round, filed on Monday, seeks to raise $314.2 million at a price of $214 a share, according to a document seen by CNBC. The new equity would bring SpaceX’s total 2019 fundraising to $1.33 billion once completed.
The block of this new round appears to already be funded from the Ontario Teachers’ Pension Plan.
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.
Ontario Canada or Ontario California?
Ontario, Canada I think. They have a ton of money to invest. They bought into Lucent big time a decade or so ago.
I think they bought an airline, some BIG shopping malls, and what not. List is here:
https://www.otpp.com/investments/performance/major-investments
Blame Canada! (As a Canadian I am lightly offended by South Park, but only in the poor quality of the jokes. I wanted BETTER funnier jokes, but so be it).
From the article: “Musk sees Starlink as the way for SpaceX to fund the development of Starship. He estimated recently that SpaceX revenue from launches likely peaks at about $3 billion a year but said he believes internet service revenue is potentially ‘more like $30 billion a year.’”
Musk is probably right. Using space will most likely generate more revenue than providing transportation to space. I’m not sure whether his $3 billion estimate is for orbital services or if it includes SpaceX’s proposed Earth to Earth (city to city) transportation services, then I can see that amount of revenue happening fairly quickly. An additional advantage is that each city that is served can also act as a spaceport to orbit.
I don’t know what would be the price tag for such a city to city flight, but if it can be almost as low as a first-class airline ticket, then the airlines will have to watch out that SpaceX will take away their first-class profit centers, as a half-hour flight is so much more advantageous than a half-day flight. In addition, space tourists could better afford such a flight than the current asking price for a five-minute hop by Blue Origin or Virgin Galactic, so those two companies had better get their services started soon, as they may be obsolete in a decade or so.
SpaceX’s website shows several potential cities and routes, at the bottom of the following page:
https://www.spacex.com/mars
I counted ten cities — potential spaceports (plus Brownsville, Texas) — and eight proposed routes. If each route flies daily in each direction, that is 16 flights a day, or 5,800 flights per year (4,000 per year if they only fly weekdays). Hmm. That sounds like far more than $3 billion in revenue, or maybe daily flights are too much to hope for.
geoffc wrote: “Blame Canada! (As a Canadian I am lightly offended by South Park, but only in the poor quality of the jokes. I wanted BETTER funnier jokes, but so be it).”
After hearing that song, years ago, I tried hard to blame Canada, but it seems that the fad in the United States is to blame the current or previous Republican president. On the other hand, maybe Canada can blame South Park … or the latest Republican U.S. president.
Probably a good investment in the long term.
And to geoffc, all I can say is, sorey there aren’t better Canadian jokes about double doubles and maple shots.
Hopefully there is some consolation in knowing that some of the biggest YouTubers are Canadian, like Linus Tech Tips, Unbox Therapy, and Pete McKinnon.