{"id":18572,"date":"2018-04-12T23:31:10","date_gmt":"2018-04-12T15:31:10","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/elon-musks-spacex-aims-to-raise-500m-as-it-makes-progress-on-its-big-fn-rocket\/"},"modified":"2018-04-12T23:31:10","modified_gmt":"2018-04-12T15:31:10","slug":"elon-musks-spacex-aims-to-raise-500m-as-it-makes-progress-on-its-big-fn-rocket","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/elon-musks-spacex-aims-to-raise-500m-as-it-makes-progress-on-its-big-fn-rocket\/","title":{"rendered":"Elon Musk\u2019s SpaceX aims to raise $500M as it makes progress on its Big F\u2019n Rocket"},"content":{"rendered":"<figure id=\"attachment_395761\" aria-describedby=\"caption-attachment-395761\" style=\"width: 630px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full-width wp-image-395761\" src=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2018\/02\/20180206_SpaceX_Falcon_Heavy_launch_8-630x421.jpg\" alt=\"\" width=\"630\" height=\"421\" srcset=\"https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2018\/02\/20180206_SpaceX_Falcon_Heavy_launch_8-630x421.jpg 630w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2018\/02\/20180206_SpaceX_Falcon_Heavy_launch_8-768x513.jpg 768w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2018\/02\/20180206_SpaceX_Falcon_Heavy_launch_8-1260x841.jpg 1260w, https:\/\/cdn.geekwire.com\/wp-content\/uploads\/2018\/02\/20180206_SpaceX_Falcon_Heavy_launch_8.jpg 2048w\" sizes=\"(max-width: 630px) 100vw, 630px\"><figcaption data-nosnippet=\"\" id=\"caption-attachment-395761\" class=\"wp-caption-text\">Liftoff of the SpaceX Falcon Heavy rocket.&nbsp;(GeekWire Photo\/Kevin Lisota)<\/figcaption><\/figure>\n<p>Elon Musk\u2019s SpaceX is aiming to raise up to $507 million in a new funding round, according to documents filed with the state of Delaware last week.<\/p>\n<p>SpaceX has authorized 3 million shares of stock for this Series I round, valued at $169 each, according to documents provided to GeekWire by Lagniappe Labs, creator of the Prime Unicorn Index. The round could bring SpaceX to a valuation of approximately $23.7 billion if all shares are sold.<\/p>\n<p>This new round follows a big raise last year. In November, SpaceX landed $100 million as part of a larger $450 million round.<\/p>\n<p>SpaceX is coming off the successful launch of the Falcon Heavy rocket in February that captivated the nation in a way that harkened back to the early days of the space race. But Musk has come to see Falcon Heavy primarily as a transitional step to an even more powerful launch vehicle,&nbsp;known as the BFR&nbsp;(which stands for Big Falcon Rocket or Big F***ing Rocket to others).<\/p>\n<p>BFR is SpaceX\u2019s first Mars transport vehicle. But Musk plans to use BFR as an all-purpose space vehicle&nbsp;\u2014 for trips ranging from point-to-point suborbital passenger travel, to orbital satellite deployment, to moon missions and more. The company is making progress toward short-hop test flights on Earth by the middle of next year, with a timeline calling for the first cargo flights to head for Mars in 2022.<\/p>\n<p>These massive funding rounds show why space travel today is largely being pursued by the world\u2019s wealthiest geeks. Musk\u2019s net worth is $19.4 billion.&nbsp;Jeff Bezos, the world\u2019s richest person, says he&nbsp;sells about $1 billion worth of his Amazon stock annually&nbsp;to put toward his Blue Origin space venture.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liftoff of the SpaceX Falcon Heavy rocket.&nbsp;(GeekWire Photo\/Kevin Lisota) Elon Musk\u2019s SpaceX is aiming to raise up to $507 million in a new funding round, according to documents filed with the state of Delaware last week. SpaceX has authorized 3 million shares of stock for this Series I round, valued at $169 each, according to [&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":[2873,1045,678,316],"class_list":["post-18572","post","type-post","status-publish","format-standard","hentry","category-news","tag-bfr","tag-elon-musk","tag-falcon-heavy","tag-spacex"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/18572"}],"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=18572"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/18572\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=18572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=18572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=18572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}