SpaceX raises $346 million in most recent funding round

The company has steadily raised funding as it continues to simultaneously develop three ambitious programs: its Crew Dragon spacecraft, Starlink internet satellites and massive Starship rocket. Crew Dragon and Starship represent SpaceX’s efforts to fly people in space.

SpaceX raises $346 million in most recent funding round

The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA's Kennedy Space Center ahead of the Demo-2 launch.

 

 

SpaceX raised $346.3 million in its most up-to-date funding spherical, filings with the Securities and Exchange Commission reveal. Elon Musk’s house company on Tuesday filed Associate in Nursing modification to its previous funding raise, simply each day before SpaceX plans to launch astronauts for the primary time, in an exceedingly mission referred to as Demo two for independent agency that's excepted to start on Wednesday. The mission are going to be the primary launch of independent agency astronauts from the U.S. since 2011, with Musk and President Donald Trump progressing to be there nose to nose to look at the launch. SpaceX’s most up-to-date funding spherical means that the corporate has raised nearly $1.7 billion since the start of 2019. With a valuation of concerning $36 billion, consistent with sources, SpaceX remains one among the foremost valuable pre-IPO firms within the world. the corporate has steady raised funding because it continues to at the same time develop 3 formidable programs: its Crew Dragon space-craft, Starlink net satellites and big spaceship rocket. Crew Dragon and spaceship represent SpaceXX’s efforts to fly individuals in house. however Starlink is Associate in Nursing formidable decide to produce a world network of tiny satellites to produce high-speed net to anywhere within the world. referred to as a “megaconstellation,” Starlink {is expected|is predicted|is Associate in Nursingticipated} to encompass an interconnected system of concerning twelve,000 satellites.

 

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