SpaceX raises another $850 million in investment capital
Capitalism in space: SpaceX last week successfully raised another $850 million in investment capital in order to fund both its Starlink and Starship projects.
The article does not detail how the company plans to use the money, though it does also indicate this was not all that was raised.
In addition to SpaceX further building a war chest for its ambitious plans, company insiders and existing investors were able to sell an additional $750 million in a secondary transaction, one of the people said.
If I understand this correctly (which I admit I might not), this means SpaceX now has an additional $1.6 billion on hand in addition to the $2 billion it has previously raised.
Even if it only raised $850 million, that gives it a war chest of almost three billion for both Starlink and Starship. With Starlink already bringing in some earnings, the company should have enough to get done what it aims to do.
Capitalism in space: SpaceX last week successfully raised another $850 million in investment capital in order to fund both its Starlink and Starship projects.
The article does not detail how the company plans to use the money, though it does also indicate this was not all that was raised.
In addition to SpaceX further building a war chest for its ambitious plans, company insiders and existing investors were able to sell an additional $750 million in a secondary transaction, one of the people said.
If I understand this correctly (which I admit I might not), this means SpaceX now has an additional $1.6 billion on hand in addition to the $2 billion it has previously raised.
Even if it only raised $850 million, that gives it a war chest of almost three billion for both Starlink and Starship. With Starlink already bringing in some earnings, the company should have enough to get done what it aims to do.