The space company SpaceX is one of the most valuable private companies worldwide. Numerous investors have invested in the Elon Musk company – in the last round of financing, the group was again able to collect a three-digit million amount of investor money.
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• SpaceX collects investor funds again
• One of the most valuable private companies worldwide
• Space ambitions are expensive
$ 346.2 million in fresh capital went to space company SpaceX in the latest round of financing. This is evident from documents filed with the SEC Securities and Exchange Commission.
SpaceX business is expensive
The steady inflow of funds is essential for the space company because SpaceX’s business is expensive. The company has built its business on three pillars: Crew Dragon, Starlink and Starship and Super Heavy.
With the Starlink project Elon Musk Establish a global satellite network with the goal of bringing the Internet to the most remote parts of the world. The well-known competition – including Facebook and Blue Origin, the space company from Amazon CEO Jeff Bezoshave corresponding plans – one step ahead: None of the companies mentioned has more satellites in Earth orbit than SpaceX. The fact that the business swallowed up huge amounts of capital became clear in March 2020 when competitor OneWeb declared itself bankrupt and applied for credit protection in the United States.
The second pillar of business is Starship, a rocket project that originally started under the name BFR (Big fucking rocket). In this division, SpaceX is working on the world’s largest launch vehicle, which is set to bring colonization to Mars in the long term.
SpaceX with a historic milestone
With the third pillar of SpaceX, the Dragon project, the Musk company has been launching payloads into space for NASA since 2012. On May 30, the crew flew Dragon for the first time and brought two NASA astronauts to the International Space Station. The success of the campaign should secure SpaceX follow-up orders, the company will probably bring astronauts into space in the future and take over the regular transport for NASA.
Crew Dragon is considered a prestige item for the SpaceX team from Elon Musk, in the development of which tons of money went. Part of the investment came from Musk himself, who holds 50 percent of SpaceX’s majority stake. The company has now raised several billion US dollars in various rounds of financing, a total of almost 1.7 billion US dollars since the beginning of 2019, CNBC writes.
With an estimated valuation of around $ 36 billion, SpaceX remains one of the most valuable pre-IPO companies in the world.
Editorial office finanzen.at
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