SpaceX just raised $1.5 billion in funding, boosting its valuation to $125 billion from $100 billion last year. In this context, SpaceX offers to buy back shares from existing shareholders, to give employees the opportunity to collect funds.
The Starlink constellation continues to grow
Despite inflation, SpaceX continues to grow and investors believe in its projects. For now, Elon Musk’s business is mainly focused on two activities. The first is Starlink, its constellation of satellites intended to bring a high-speed Internet network to all the most remote regions of the world. SpaceX has already sent more than 2,400 satellites into Earth orbit, and plans to send thousands more. Currently, the company is capable of producing 45 satellites per week. It also builds individual dishes allowing users to connect to satellites.
Like many other companies, SpaceX is forced to increase its prices, in particular those of its Starlink subscription. Across the Atlantic, it went from 99 to 110 dollars monthly. The firm has also increased launch prices for its Falcon 9 and Falcon Heavy rockets. At issue are significant cost pressures related to raw materials and logistics.
SpaceX focuses on Starship
SpaceX’s second priority is Starship, its ultra-heavy rocket for deep space travel. When completed, it will be even more powerful than the SLS, NASA’s launch vehicle to bring humans back to the Moon. The development of the Starship as well as Super Heavy, its launcher, has however been delayed: SpaceX has not carried out a test of its vessel for more than a year now, and is still awaiting the green light from the American authorities to operate its first orbital flight.
In addition, Starship is the vehicle chosen by NASA to land astronauts on the lunar surface as part of the Artemis program: if the SLS is to take them to orbit, the SpaceX rocket must land them there, in particular because, unlike the SLS, it is reusable and can therefore land and then take off again.
Ultimately, SpaceX’s ambition is for Starship to be used as a means of transportation between Earth and the Moon and, eventually, between Earth and Mars. For this, Elon Musk wants to have different launch sites around the world, and his company is already building ” spaceports off Texas by converting oil rigs.
Elon Musk is controversial
As reported by wall street journalthe company also launched a major recruitment campaign and posted more than 850 job vacancies on its website, ranging from software engineers to welders.
Despite the good health of his companies, SpaceX and Tesla, which continue to grow, Elon Musk is currently in controversy. Indeed, SpaceX would have paid $250,000 to a flight attendant to ensure that she shut up after Elon Musk made ” sexual proposals “. SpaceX President Gwynne Shotwell told company staff that she personally believed the allegations made against Musk were false, but Musk also denied the facts.
In addition, Elon Musk is the target of criticism after suspending the takeover of Twitter, which he announced to acquire a few weeks earlier.