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[posting]59254015[/posting]18.12.
SpaceX raising $500 million for Starlink satellite internet service
https://www.bizjournals.com/losangeles/news/2018/12/18/space…

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SpaceX is in the midst of another fundraising round that will bring in another half-billion dollars.

The new financing will value the Hawthorne, California-based aerospace company at $30.5 billion.

The Wall Street Journal first reported the funding, which could be announced before the end of the year.

SpaceX will reportedly use the money to support Starlink, the company’s nascent constellation of satellites for global internet broadband service.

Elon Musk’s company got the go-ahead last month to launch nearly 12,000 satellites into orbit. The company previously launched two prototype microsatellites, dubbed Tintin A and Tintin B, in February, but according to reports this fall, Starlink was not progressing as fast as Musk would have liked, so he fired several of the senior management team leaders working on it.

Musk, known for his aggressive deadlines at SpaceX and his other company Tesla Inc., aims to have the first set of satellites in orbit by the middle of next year.

Now he’s looking to invest in the program with new capital from existing shareholders as well as Baillie Gifford & Co. — an investor new to SpaceX but not to Musk, as the Scottish investment management firm holds a 7.6 percent stake in Tesla (NASDAQ: TSLA).

The investors are paying $186 per share, a source told the Journal — up about 10 percent from the $169 paid during an April round. Before this latest financing, SpaceX had raised $2.2 billion, per Crunchbase, including a $250 million high-yield loan last month.

News of the round comes on the same day that Musk’s The Boring Co. is set to unveil its first test tunnel near SpaceX’s headquarters in Hawthorne — a project that has raised concerns among some SpaceX investors that their money is being used to dig holes rather than shoot for outerspace.

SpaceX is also working toward putting its first astronauts into space, getting its Falcon Heavy ready for regular duty and building its recently renamed Starship.

 
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Autor (Datum des Eintrages): faultcode  (19.12.18 00:53:01)
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