SpaceX raises another $337 million in investment capital
Capitalism in space: In an SEC filing yesterday SpaceX revealed that it has raised another $337 million in investment capital.
The company raised in 2021 a total of $1.85 billion, and over the last six years has raised close to $7 billion total. While some of that capital is being used to finance its Starlink internet constellation of satellites, most is being funneled into the development of its totally reusable heavy lift Starship/Superheavy rocket.
The eagerness of investors to put money behind SpaceX is a strong vote of confidence in the company, coming from totally independent sources.
Adding in the $2.9 billion dollar contract from NASA for building a lunar lander version of Starship, SpaceX has raised about $10 billion total for building this rocket.
Whether that will be enough of course is not yet known. Based on SpaceX’s past work it should be. That however assumes the federal government’s bureaucracy doesn’t throw a serious wrench in the process, something it right now appears to be doing by stalling the orbital test flight of Starship/Superheavy.
Capitalism in space: In an SEC filing yesterday SpaceX revealed that it has raised another $337 million in investment capital.
The company raised in 2021 a total of $1.85 billion, and over the last six years has raised close to $7 billion total. While some of that capital is being used to finance its Starlink internet constellation of satellites, most is being funneled into the development of its totally reusable heavy lift Starship/Superheavy rocket.
The eagerness of investors to put money behind SpaceX is a strong vote of confidence in the company, coming from totally independent sources.
Adding in the $2.9 billion dollar contract from NASA for building a lunar lander version of Starship, SpaceX has raised about $10 billion total for building this rocket.
Whether that will be enough of course is not yet known. Based on SpaceX’s past work it should be. That however assumes the federal government’s bureaucracy doesn’t throw a serious wrench in the process, something it right now appears to be doing by stalling the orbital test flight of Starship/Superheavy.