Elon Musk-led SpaceX has raised $1.68 billion in equity Financing

The current financing round, in which SpaceX hoped to raise $1.725 billion, was disclosed in securities records on Monday and comes as the company continues to invest heavily in the construction of its Starship rocket and the Starlink broadband internet satellite constellation.

Earlier in the day, SpaceX received long-awaited certification from the Federal Aviation Administration that its Starship development site in Boca Chica, Texas, had no significant environmental impact, clearing a major obstacle in the building of the Mars rocket.

According to SpaceX, the FAA imposed over 75 conditions, bringing the company “one step closer to the first orbital flight test of Starship,” as it highlighted on Twitter. Starship’s maiden orbital flight test represents a significant milestone in the spacecraft’s development.

Since 2019, SpaceX has launched over 2,600 satellites into orbit as part of its Starlink satellite business, with the goal of providing worldwide broadband internet

SpaceX
credit: Source

In other news, SpaceX’s massive Starship vehicle could begin taking to the sky in earnest this summer. Starship is made up of Super Heavy, a large first-stage rocket, and Starship, a 165-foot-tall (50-meter) upper-stage spacecraft. SpaceX is developing a vehicle to transport people and products to the moon, Mars, and other parts of the solar system.

Starbase, the company’s South Texas facility near Boca Chica, has conducted several high-altitude test flights using Starship upper-stage prototypes. It’s also getting ready for SpaceX’s first orbital test flight, which Elon Musk, the company’s founder and CEO, has suggested might happen soon.

If the test campaign for Starship goes well, the vehicle might travel a long distance in the next years. Starship was chosen as the first crewed lunar lander for NASA’s Artemis mission, which aims to land astronauts on the moon in 2025 or 2026. Despite his tendency for setting very aggressive targets for his businesses, Musk has expressed confidence that Starship will be able to launch people to Mars in the same approximate time period.

Also Read:

Chevy Blazer EV to officially be revealed on 18th July

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

SpaceX's Fram2 Mission: First Astronauts to Fly Over Earth's Poles Next Week!

SpaceX’s Fram2 Mission: First Astronauts to Fly Over Earth’s...

SpaceX is once again pushing the boundaries of space exploration! On March 31st, the aerospace giant will...
Starlink

Starlink’s India launch faces security hurdles: What’s Next for...

Elon Musk’s Starlink, the satellite internet provider under SpaceX, is set to enter the Indian market with...

Cosmic Homecoming! Sunita Williams and Butch Wilmore’s Epic 286-Day...

In a triumphant return that captivated the world, NASA astronauts Sunita Williams and Butch Wilmore have safely...
Starlink

Starlink’s Indian Odyssey: A Game-Changer for Digital Connectivity

Starlink's Indian Odyssey: Hey there, tech enthusiasts and internet dreamers! Buckle up, because we're about to dive...

Elon Musk Declares Starship Mars Mission for 2026: Human...

The vision of making humans an interplanetary species is no longer confined to science fiction. Elon Musk,...

LATEST NEWS

Spanish Dani Olmo Cleared to Play for Barcelona As CSD Overrules La Liga’s Decision

Barcelona’s battle to register Dani Olmo and Pau Victor has finally come to an end, with Spain's National Sports Council (CSD) ruling in the...

Final Fantasy 9 Remake Speculation Grows After Anniversary Site Launch

Square Enix has reignited excitement for a potential Final Fantasy 9 remake by launching an official website celebrating the game's 25th anniversary. The new...

IPL 2025: LSG Edge MI in Thriller as Marsh, Markram Shine and Avesh Holds Nerve at Death

Tilak Varma retired out while Hardik Pandya took charge of strike rotation, but their late push wasn’t enough as Mumbai Indians (MI) fell short...

Motorola Razr 60 & 60 Ultra Leak Reveals Design, Specs & Colors

Motorola's upcoming foldable phones, the Razr 60 and Razr 60 Ultra, have surfaced online ahead of their official launch. Although the company has not...

Featured