{"id":17789,"date":"2020-02-21T23:24:40","date_gmt":"2020-02-21T15:24:40","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/spacex-reportedly-seeking-to-raise-250m-as-starlink-and-starship-efforts-ramp-up\/"},"modified":"2020-02-21T23:24:40","modified_gmt":"2020-02-21T15:24:40","slug":"spacex-reportedly-seeking-to-raise-250m-as-starlink-and-starship-efforts-ramp-up","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/spacex-reportedly-seeking-to-raise-250m-as-starlink-and-starship-efforts-ramp-up\/","title":{"rendered":"SpaceX reportedly seeking to raise $250M as Starlink and Starship efforts ramp up"},"content":{"rendered":"<figure id=\"attachment_549024\" aria-describedby=\"caption-attachment-549024\" style=\"width: 630px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full-width wp-image-549024\" src=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2020\/02\/200221-nosecone-630x621.jpg\" alt=\"Starship nose cone\" width=\"630\" height=\"621\" srcset=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2020\/02\/200221-nosecone-630x621.jpg 630w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2020\/02\/200221-nosecone-768x758.jpg 768w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2020\/02\/200221-nosecone-100x100.jpg 100w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2020\/02\/200221-nosecone.jpg 812w\" sizes=\"(max-width: 630px) 100vw, 630px\"><figcaption data-nosnippet=\"\" id=\"caption-attachment-549024\" class=\"wp-caption-text\">SpaceX workers build a nose cone for a Starship prototype spaceship in Texas. (Elon Musk via Twitter)<\/figcaption><\/figure>\n<p>SpaceX is seeking to bring in about $250 million in new investment during a funding round that\u2019s still underway, amid a burst of activity related to the company\u2019s Starlink satellites and Starship super-rocket, CNBC reports.<\/p>\n<ul>\n<li>CNBC quotes unnamed people familiar with the investment round as saying it\u2019s expected to close by mid-March, resulting in a roughly $36 billion valuation for the company. Privately held SpaceX raised more than $1.2 billion last year, according to filings with the Securities and Exchange Commission.<\/li>\n<li>Much of that money is going toward development, launch and testing of Starlink broadband internet satellites, which are being built at SpaceX\u2019s facilities in Redmond, Wash. SpaceX teams are also working around the clock to build a huge Starship prototype in Texas, and there\u2019s renewed talk of creating a Starship factory in the Los Angeles area. Later this year, SpaceX is expected to start transporting astronauts to the International Space Station.<\/li>\n<li>Reports of a fresh funding round underscore how expensive innovation can get, especially on SpaceX CEO Elon Musk\u2019s timetable. The publicly traded company that Musk heads, Tesla, raised $2.3 billion this month in a stock offering. For what it\u2019s worth, rival billionaire Jeff Bezos has said he\u2019s spending more than $1 billion a year on Blue Origin, his privately held space venture.<\/li>\n<\/ul>\n<p><em>H\/T to CNBC\u2019s Michael Sheetz, and to Steve Case for flagging a numerical typo.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX workers build a nose cone for a Starship prototype spaceship in Texas. (Elon Musk via Twitter) SpaceX is seeking to bring in about $250 million in new investment during a funding round that\u2019s still underway, amid a burst of activity related to the company\u2019s Starlink satellites and Starship super-rocket, CNBC reports. CNBC quotes unnamed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[316,4328,440],"class_list":["post-17789","post","type-post","status-publish","format-standard","hentry","category-news","tag-spacex","tag-spacex-starship","tag-starlink"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/17789"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=17789"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/17789\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=17789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=17789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=17789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}