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Satnews Daily
March 11th, 2020

Forrester Reports: More Millions for SpaceX

Chris Forrester

Journalist Chris Forrester at the Advanced Television infosite is revealing that Elon Musk has raised $500.06 million (€441 million) in fresh funding at a share price of an extremely buoyant $220 per share.

This is double what SpaceX was looking to raise and means that his rocket company is now worth around $36 billion (an improvement on last year’s $33 billion valuation).

This is, again, proof that investors love just about everything that Musk touches. In 2019 alone, SpaceX raised a total of $1.33 billion during three (3) funding rounds.

SpaceX, as well as further developing its Falcon rockets, has other projects in the form of the Starlink mega-constellation, their Crew Dragon astronaut shuttle and the Starship giant rocket.

Jonathan Hofeller, VP at SpaceX, told the SATELLITE 2020 conference in DC this week that the company was building six satellites a day for Starlink, with 60 due to launch this coming weekend (March 14 to 15).