SpaceX Embarks on Another Funding Round to Raise $400 Million

Gwynne Shotwell

SpaceX is seeking to raise $400 million in its latest round of fundraising. According to a document filed with the Securities and Exchange Commission, SpaceX has raised 11 percent of the total:

Total Amount Offered: $399,999,936
Total Amount Sold: $43,999,332
Total Remaining to be Sold: $356,000,604

Five investors have participated in the funding round thus far.

Elon Musk’s company is preparing to launch its Starlink constellation of satellites, which could eventually include nearly 12,000 spacecraft that would provide high-speed Internet and other communications services. The launch of the first satellites is scheduled for no earlier than May.

SpaceX has also begun testing its Raptor engine, which will power its Starship vehicle and super heavy booster.