Since April 2018, SpaceX has successfully increased more than 1.24 billion. Dollars through the sale of equity, probably sold to investors by extrapolating the company's current record of success to include the potential of its next two products, Starlink and Starship.
Thanks to SpaceX's successful fundraising stretch, the company is now valued at $ 33.3 billion. USD according to sources who spoke to CNBC reporter Michael Sheetz. The same source showed that the demand for the SpaceX equity remains strong as the company seeks to continue extremely expensive development and production programs. Most of all, SpaceX also houses two full-scale orbital Starship prototypes at separate facilities in Texas and Florida, and manages a former Starhopper testbed for serious test flights, and is in the midst of ramping up its Starlink satellite production to levels that are not precedent in history. of spaceflight.
Simply, with SpaceX & # 39; s Starship and Starlink programs simultaneously joining capital intensive stages of development and production, the company has a large amount of work on its plate. Most of this work involves testing prototypes with technologies that are often unprecedented, and refining these designs to something final and worthy of serious production. In the case of Starship, a lot of integrated test and design closures lie before SpaceX can think of starting serial production of its 50 m (1
Put it all together, and the results of SpaceX style development programs have often threatened the expected expectations of the cement industry and beliefs. SpaceX has built – from scratch – all launch vehicles (Falcon 9 V1.0) and spacecraft (Cargo Dragon) 5-10 times cheaper than NASA thought possible. SpaceX has successfully developed a commercially viable style of reusable rockets and took only ~ 30 months to move from its first trial landing to a successful booster recovery and less than 15 months after reusing its first booster on a commercial, orbital-class launch. Competitors who strongly refused SpaceX's success are now 5-10 years back with uninterested responses to the reusable titanium, Falcon 9 / Falcon Heavy.
Still, while SpaceX's record of commercial and technical spaceflight success is second to none since the Apollo program and the early days of the space shuttle, even the extraordinarily cost-effective development style requires great funding in light of ambitions as big as Starship and Starlink.
Starlink is moving forward
On May 23, SpaceX completed an extraordinarily ambitious Starlink launch debut that placed sixth "v0.9 "low-Earth spacecraft (LEO) spacecraft. With a weight of no less than 16.5 tons (~ 36,000 lb), SpaceX's first dedicated Starlink mission was also the heaviest payload the company has ever launched at least ~ 30%. Aside from the spectacular statistics associated with the mission, SpaceX also debuted an exotic and largely unprecedented satellite form factor that stacks each flat, 230 kg (510 lb) rectangular spacecraft as a card game. With Starlink, SpaceX has also flown the first krypton-powered ion thrusters, replacing the traditional xenon to cut as much as $ 100,000 (or even more) from the cost of each satellite.
"We continue to follow the development of the Starlink satellites during early circuit operations. At this time, all 60 satellites have successfully implemented their solar deposits, generated positive power and communicated with our earth stations. Most already use their built-in propulsion system for To reach their operating height and make first contact with broadband phased array antennas, SpaceX continues to monitor the constellation of all potentially safe satellites, all of which have maneuverability and are programmed to avoid each other and other objects in orbit with a wide range margin. " – SpaceX, May 31
~ 20 days after launch, all 60 satellites are in contact with SpaceX ground controllers, and all but 3-4 have managed to start raising their lanes from ~ 450 km to 550 km (280-340 mi). Ca. Two dozen have already gone 500 km and most will reach their final lanes within 1-2 weeks.
By far, the most significant news was CEO Elon Musk's confidence that SpaceX already has " sufficient capital to build an operational constellation "which probably refers to a constellation of 750-1500 spacecraft capable of covering the entire United States or offering" decent global coverage ". Note that Musk has made this commentary day before SpaceX – via SEC archives – effectively announced that it has already raised more than $ 1B in 2019. Thus, much – if not all – of this funding is likely tied to Starlink, then The program is shockingly small team of ~ 400 preparing aggressively ramp up production.
According to both COO Gwynne Shotwell, Musk and SpaceX, the company hopes to launch another 1-5 launches of 60 Starlink satellites this year which may leave SpaceX with a constellation of more than 400 satellites – with a total bandwidth at 7 terabits per second (tbps) – after just eight months of launches. Just as importantly, SpaceX's official Starlink.com website states that SpaceX wants to offer real internet service to an unspecified number of consumers in the US and Canada after just six launches. In other words, SpaceX could deliver the first taste of consumer Starlink internet service before the end of 2019 .
If SpaceX is able to implement the constellation fast and Starlink reaches its cost, performance, and long-term goals, it is safe to say that SpaceX's private investors will be exceptionally pleased with their financial decision.
See Teslarati's newsletters for quick updates, on-the-ground perspectives and unique glimpses of SpaceX's rocket launch and recovery processes