SpaceX raises $1.9 billion in funding

Discussion in 'Wall St. News' started by Nobert, Aug 18, 2020.

  1. Nobert

    Nobert

    (Reuters) - Billionaire Elon Musk's SpaceX has raised $1.9 billion in new funding, according to a regulatory filing https://bit.ly/3178nk3 on Tuesday.

    Bloomberg, which reported about the fund round last week, said the private rocket company will have an equity value of $46 billion after the transaction, citing people familiar with the matter.

    This would be the largest single fundraising round to date by SpaceX, according to PitchBook data.

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    (Reporting by Munsif Vengattil in Bengaluru; Editing by Maju Samuel)


    https://finance.yahoo.com/news/elon-musks-spacex-raises-1-154325999.html
     
    Last edited: Aug 18, 2020
    ironchef likes this.
  2. Amazing.

    Musk has become the 4th richest person in the world... from government subsidies while making cars of marginal/poor(?) quality. All from delusional visions of environmental green-ness... paid for by brain-dead tax payers.

    America... what a country!

    :(
     
    Last edited: Aug 18, 2020
  3. RGLD

    RGLD

    The fastest too. Bezo's may be #1 but Musk gain more wealth in a year than he did in 3.
     
  4. Turveyd

    Turveyd

    Sweet, I like Musk, even if it's mainly because PC Lefties hate him!
     
  5. Pekelo

    Pekelo

    My personal theory is that the US government quietly backing SpaceX, if with nothing else but huge overpaid orders.
     
  6. Opcodes

    Opcodes

    $10,000 eoy check 'em
     
  7. ironchef

    ironchef

    Because the alternative, the United Space Alliance is twice as expensive and not as reliable.

    And you can't really launch a USAF spy satellite from Russia or China or buy French.
     
  8. Turveyd

    Turveyd

    US has unmanned launch ability still, just airforce rockets limited size but ideal for spy satellites.

    I think starship too much of a leap in 1 go doubt they'll pull that off in the next 10years.