• Music
  • News
  • Blog
  • Podcast
  • OTHH
  • Music
  • News
  • Blog
  • Podcast
  • OTHH

Elon Musk's SpaceX raises an extra $100 million & is now worth an estimated $21.5 billion

11/28/2017

0 Comments

 
Picture
This article was originally published on cnbc.com.
Elon Musk's SpaceX has raised another $100 million as part of its latest funding round, according to new regulatory documents.
In August, the space exploration company sold $349.9 million worth of shares, a Securities and Exchange Commission (SEC) filing showed. That amount has now risen to $449.9 million, a new filing showed on Monday, adding an extra $100 million onto the current fundraising effort.
The latest injection of cash values SpaceX at $21.5 billion, according to Equidate, a platform that facilitates the trading of shares in private technology firms.

Musk's space company has been ramping up its rocket launches. SpaceX has developed rockets that are able to take off, deliver a payload into space, then land back on a droneship stationed in the Atlantic. The company says this helps reduce the cost of space missions as well as increasing the number that are able to take place.
Earlier this year, SpaceX President Gwynne Shotwell told Reuters in an interview that the company was aiming to launch missions every two-to-three weeks.
As well as regular launches for large customers, Musk has bigger ambitions. In May, SpaceX laid out plans to put 4,425 satellites into space to provide high-speed internet. Musk plans to start this in 2019.
And the billionaire eventually wants to get to Mars. Musk has already laid out plans for an "interplanetary transport system" capable of taking 100 people to the Red Planet in order to colonize it. The SpaceX CEO said he wants to land at least two cargo ships on Mars by 2022.
This article was originally published on cnbc.com.
0 Comments
    Picture

    Archives

    January 2023
    December 2022
    October 2022
    August 2022
    July 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    August 2020
    May 2020
    April 2020
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    November 2017
    May 2017
    March 2017
    January 2017
    December 2016
    June 2016
    February 2016
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014

    Picture
Love You Dreaddi | Stopwatch Creative | Collaborate and Elevate | Terms of Use | Submit | Est. 2014
  • Music
  • News
  • Blog
  • Podcast
  • OTHH