spacex funding: SpaceX raises $1.68 billion in equity funding

SpaceX has raised $1.68 billion in equity financing, the Elon Musk-founded rocket maker said in a regulatory filing on Monday.

The new funding round, in which the company was seeking to raise $1.725 billion, was disclosed in securities filings on Monday and comes as SpaceX invests heavily in the development of its Starship rocket and its constellation of high-internet satellites. Starlink throughput.

Earlier today, SpaceX received long-awaited clearance from the Federal Aviation Administration that its Boca Chica, Texas, Starship development site had no significant environmental impact, removing a hurdle that had contributed to delays. in the development of the Mars rocket.

The FAA imposed more than 75 conditions on the company, an outcome SpaceX considers “one step closer to Starship’s first orbital flight test,” the company wrote on Twitter, referring to the crucial development milestone. of Starship of reaching space for the first time.

SpaceX’s Starlink satellite unit has launched some 2,600 satellites into space since 2019 with the aim of delivering high-speed internet around the world.

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Carol M. Barragan