Saturday, June 25, 2022
Bitdefender WW

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

- Advertisement -

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

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.

- Advertisement -

Also Read:

Chevy Blazer EV to officially be revealed on 18th July


- Advertisement -
Nivedita Bangari
Nivedita Bangari
I am a software engineer by profession and technology is my love, learning and playing with new technologies is my passion.


Please enter your comment!
Please enter your name here

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

Related Articles

Bitdefender WW

More To Consider

Stay Connected

Myntra [CPS] IN

Hot Topics


Latest Articles


Bigrock [CPS] IN


Adblocker detected! Please consider reading this notice.

We've detected that you are using AdBlock Plus or some other adblocking software which is preventing the page from fully loading.

We don't have any banner, Flash, animation, obnoxious sound, or popup ad. We do not implement these annoying types of ads!

We need money to operate the site, and almost all of it comes from our online advertising.

Please add to your ad blocking whitelist or disable your adblocking software.