ELON MUSK’S SPACEX RAISED $ 850 MILLION. NOW IT’S WORTH $ 74 BILLION.

SpaceX held another round of fundraising and raised $ 850 million. 

The increased interest in Elon Musk’s promising innovative projects, in which SpaceX is involved, explains the large-scale influx of capital investments into the company.

The company’s value increased by 60% – from $ 46 billion in August 2020 to $ 74 billion in February this year.

But the highest ceiling on large-scale funding could have been achieved if SpaceX hadn’t limited itself to just a fraction of the investments available in the market.

At the same time, analysts from the Business Insider agency predict large-scale infusions of funds into Elon Musk’s company in the future.

Deployment of 60 Starlink satellites confirmed pic.twitter.com/apZ7oTOvNk

— SpaceX (@SpaceX) February 16, 2021

A huge influx of money is associated with promising and capital-intensive projects of Elon Musk, the first two being Starlink satellite Internet and the creation of the Starship space rocket.

Elon Musk’s company SpaceX is expanding its Starlink public beta testing program.

Company representatives have already announced their readiness to accept pre-orders for future satellite Internet services.

For example, potential Starlink users already have the option to register on the company’s website where they can pre-order.

In February 2021, SpaceX received a contract from NASA to deliver the first and main nodes of the future Gateway station to circumlunar orbit.

It will become a staging post on the way to the Moon in the framework of the Artemis program implemented by NASA.

The company will also continue to develop joint projects with the Pentagon. So, in October last year, SpaceX signed a contract with the US Army to create an ultra-high-speed transport rocket.