SpaceX reportedly raised $ 850 million in a round of financing, in transactions that would value the company’s stock at $ 419.99 each. According CNBC, that would mean that the company is worth about $ 74 billion. It would also mean that the company has money to continue with its future projects.
As you might imagine, some of SpaceX’s projects are deeply unprofitable before they started making money – for example, earlier this month Elon Musk said that there is a “deep abyss of negative cash flow” between the ISP The company’s satellite-based Starlink and profitability. The company’s plan to send out enough satellites to create a global high-speed Internet network is expensive and, as the service is still in beta and pre-sale, it will not bring much money.
The company is also working on a spacecraft with a payload that rivals Saturn V, the rocket that took us to the moon. Such a project requires many failed test flights, which can sometimes fail and explode. Although SpaceX intends that the Starship will eventually be reusable like some of its current rockets, recent accidents suggest that the company will have to build some more before it has a product that can be profitably shipped into space.
Since SpaceX is a privately held company, your finances can often be difficult to discover, but investors (at least those who paid almost $ 420 an action) believe the company will succeed, both with future and current ventures, such as making deliveries to the International Space Station for NASA. Although Musk said that Starlink alone can cost $ 10 billion to create, having $ 850 million more in the bank account certainly doesn’t hurt the company’s chances.