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.
Jeff Bezos’ Amazon has jumped into a crowded field of companies seeking to provide high-speed broadband, data and other communications services to the entire globe.
Amazon’s Kuiper constellation of 3,236 satellites brings the total number of spacecraft in the 16 announced systems to 20,241 spacecraft. The competition includes SpaceX, Boeing, Telesat, SES and government-backed companies in China and Russia.
The U.S. Air Force Research Laboratory has awarded Elon Musk’s SpaceX a contract worth $28.7 million for research work on the company’s Starlink satellite constellation.
“This agreement allows for experimentation in the areas of establishing connectivity, operational experimentation, and special purpose experimentation. Experimentation will include connectivity demonstrations to Air Force ground sites and aircraft for experimental purposes,” the contract award states.
“For the proposed Phase 2, the awardee proposes to perform experiments in two other key areas: early versions of a commercial space-to-space data relay service and mobile connectivity directly from space to aircraft,” the award added.
Starlink is designed to provide global communications services using an initial constellation of more than 4,000 satellites. When fully built out, the system will include nearly 12,000 spacecraft.
The Wall Street Journalreports that SpaceX is set to raise $500 million at a $30.5 billion valuation to kickstart its Starlink satellite Internet program.
The Hawthorne, Calif., company, known as SpaceX, is raising the capital from existing shareholders and new investor Baillie Gifford & Co., one of the people said. The Scottish money-management firm is one of the largest investors in another Musk-led company, Tesla Inc., with about a 7.6% stake in the electric-car maker, according to S&P Global Market Intelligence.
SpaceX and the investors have agreed on the financing terms, but the money hasn’t been sent to the company yet, this person said. SpaceX could announce the deal by year-end.
Including the current round, SpaceX has raised about $2.5 billion of equity funding, according to Dow Jones VentureSource. Last month it raised $250 million via its first high-yield loan sale….
SpaceX ultimately could require more than $10 billion in capital to reach its projected 11,000 satellite constellation, according to some industry estimates, while developing its heavy-lift rocket and capsule is anticipated to cost many more billions of dollars.
SpaceX CEO Elon Musk’s plan to provide high-speed communications to virtually any location on Earth got a big boost this week when the Federal Communications Commission (FCC) approved the company’s plan to add 7,518 satellites to the company’s Starlink constellation.
The action brings the total number of satellites in Starlink to 11,943 following the FCC’s earlier approval of 4,425 spacecraft last year.
Starlink is Musk’s ambitious entry into the global satellite Internet race. He is gambling big that there is a sufficient market worldwide to make the constellation profitable.
SpaceX launched two test Starlink test satellites into orbit earlier this year. Published reports say Musk wants to launch the first batch of satellites in the middle of next year, with service to begin in 2020.
Starlink is facing competition from OneWeb, which is planning to launch a constellation of 882 satellites to provide similar service. OneWeb plans to begin launching spacecraft next year.
The FCC also approved satellite broadband constellations by three other satellite companies last week. Telesat Canada received approval for an 117-satellite constellation while LeoSat plans to launch 78 spacecraft.
Kepler Communication’s 140-satellite constellation is focused on providing communications for the Internet of Things.
“These proposed satellite systems are expected to enable fixed satellite service in the United States, expanding global connectivity and advancing the goals of increasing high-speed broadband availability and competition in the marketplace,” the FCC said in a press release.
The constellations will greatly increase the number of satellites in Earth orbit. There are currently about 4,900 spacecraft in orbit out of the approximately 8,100 launched since the Space Age began in October 1957. Nearly 2,000 spacecraft are currently operational.
SpaceX constellation includes 7,518 satellite Internet spacecraft
Three other approved constellations total 335 satellites
WASHINGTON, November 15, 2018 (FCC PR) — The Federal Communications Commission today approved the requests of four companies—Space Exploration Holdings, LLC (SpaceX), Kepler Communications, Inc. (Kepler), Telesat Canada (Telesat), and LeoSat MA, Inc. (LeoSat)—seeking to roll-out new and expanded services using proposed non-geostationary satellite orbit (NGSO) satellites.
These proposed satellite systems are expected to enable fixed satellite service in the United States, expanding global connectivity and advancing the goals of increasing high-speed broadband availability and competition in the marketplace.
Reutersreports that Elon Musk fired at least seven senior members of the management team of SpaceX’s Starlink program back in June over disagreements about the pace of developing the satellite Internet constellation.
Known for pushing aggressive deadlines, Musk quickly brought in new managers from SpaceX headquarters in California to replace a number of the managers he fired. Their mandate: Launch SpaceX’s first batch of U.S.-made satellites by the middle of next year, the sources said….
Among the managers fired from the Redmond office was SpaceX Vice President of Satellites Rajeev Badyal, an engineering and hardware veteran of Microsoft Corp and Hewlett-Packard, and top designer Mark Krebs, who worked in Google’s satellite and aircraft division, the employees said. Krebs declined to comment, and Badyal did not respond to requests for comment.
The management shakeup followed in-fighting over pressure from Musk to speed up satellite testing schedules, one of the sources said. SpaceX’s Behrend offered no comment on the matter.
Culture was also a challenge for recent hires, a second source said. A number of the managers had been hired from nearby technology giant Microsoft, where workers were more accustomed to longer development schedules than Musk’s famously short deadlines.
“Rajeev wanted three more iterations of test satellites,” one of the sources said. “Elon thinks we can do the job with cheaper and simpler satellites, sooner.”
Starlink aims to launch 4,425 satellites to provide Internet and other communications services to any place on the globe. A future constellation would bring the total number of satellites to about 12,000.
In February, Starlink launched two test satellites named Tintin A and Tintin B. The program faces competition from OneWeb and other companies that are aiming for the same market.
The draft environmental assessment for SpaceX’s proposed expansion at NASA’s Kennedy Space Center (KSC) also revealed that Elon Musk’s rocket company plans to most of more than 4,000 satellites of its planned Starlink constellation from Cape Canaveral.
That will guarantee a busy schedule for SpaceX’s Launch Complex 39A (LC-39A) at KSC and LC-40 at the adjoining Cape Canaveral Air Force Station (CCAFS). LC-39A can accommodate Falcon 9 and Falcon Heavy boosters while LC-40 is configured for the Falcon 9.
SpaceX received $500 million of the nearly $1 billion in investment raised by commercial space companies during the first quarter of 2018, according to the Space Investment Quarterly report from Space Angels.
“SpaceX shows no signs of slowing down—after the inaugural flight of the Falcon Heavy, the company secured $500 million from Fidelity Investments to drive development of their satellite communications network, Starlink,” the report added.
WASHINGTON, March 29, 2018 (FCC PR) – The Federal Communications Commission approved an application by Space Exploration Holdings, doing business as SpaceX, to provide broadband services using satellite technology in the United States and around the world. With this action, the Commission takes another step to increase high-speed broadband availability and competition in the United States.
This is the first approval of a U.S.-licensed satellite constellation to provide broadband services using a new generation of low-Earth orbit satellite technologies. SpaceX proposed a satellite system comprised of 4,425 satellites and was granted authority to use frequencies in the Ka (20/30 GHz) and Ku (11/14 GHz) bands to provide global Internet connectivity.
The Memorandum Opinion, Order and Authorization today outlines the conditions under which SpaceX is authorized to provide service using its proposed NGSO FSS satellite constellation. Specifically, the Order specifies the conditions to ensure compliance with Commission rules, and to protect other operations in the requested frequency bands.
Over the past year, the FCC has approved requests by OneWeb, Space Norway, and Telesat to access the United States market to provide broadband services using satellite technology that holds promise to expand Internet access, particularly in remote and rural areas across the country. These approvals are the first of their kind for a new generation of large, non-geostationary satellite orbit, fixed-satellite service systems, and the Commission continues to process other, similar requests.
These test satellites were secondary payloads on the Falcon 9 launch of the Paz satellite from Vandenberg Air Force Base in California this morning. Elon Musk’s company plans to provide global broadband services through two satellite constellations composed of 12,000 satellites.
SpaceX successfully launched a Falcon 9 rocket from Vandenberg Air Force Base in California on Thursday morning.
The primary payload was Hisdesat’s Paz satellite, which will provide radar imaging as well as ship tracking and weather data. The spacecraft was built by Airbus Defence and Space.
Elon Musk’s company also launched two of its own satellites, Microsat-2a and Microsat-2b, that will demonstration technologies needed to provide global broadband services. The company plans to orbit 12,000 satellites in two separate constellations for its Starlink broadband service.
Musk tweeted that the fairing missed landing on Mr. Steven, a ship equipped with a giant net.
“Missed by a few hundred meters, but fairing landed intact in water. Should be able catch it with slightly bigger chutes to slow down descent.”
SpaceX’s focus now shifts to Florida for a Falcon 9 launch scheduled for Sunday. The booster will carry the Hispasat 30W-6 satellite, which will provide communications services over Europe, North Africa and the Americas. The launch is scheduled for 12:35 a.m. EST (0535 GMT).
SpaceX is set to launch two spacecraft next week that will demonstration technologies for providing fast global broadband services through a constellation of 12,000 satellites.
Microsat-2a and Microsat-2b spacecraft will hitch a ride aboard a Falcon 9 booster whose primary payload is the Paz synthetic aperture radar satellite. The launch has been rescheduled for Wednesday, Feb. 21 at 6:17 a.m. PST ( 9:17 a.m. EST; 1417 GMT) from Vandenberg Air Force Base in California.
A SpaceX Falcon 9 launch from Vandenberg Air Force Base in California has been delayed until Wednesday, Feb. 21. The launch had been previously scheduled for Feb. 16 and Feb. 18.
The primary payload is the Paz satellite for Hisdesat of Spain. The spacecraft will provide radar imaging as well as ship tracking and weather data. The flight will use a previously-flown first stage.
Elon Musk’s company will also launch two of its own satellites, Microsat-2a and Microsat-2b, that will demonstration technologies needed to provide global broadband services. The company plans to orbit 12,000 in two separate constellations for its Starlink broadband service.
Here is the launch schedule for the next two weeks. Check for updates here.
Launch Vehicle: Falcon 9 Payload: Paz Launch Time: 9:17 a.m. EST; 6:17 a.m. PST (1417 GMT) Launch Site: Vandenberg Air Force Base, California
Built by Airbus Defense and Space, Hisdesat’s Paz satellite will provide radar imaging as well as ship tracking and weather data. The flight will use a previously-flown first stage.
Launch Vehicle: H-2A Payload: IGS Optical 6 Launch Window: 11:00 p.m.-1:00 a.m. EST on Feb. 24 (0400-0600 GMT on Feb. 25) Launch site: Tanegashima Space Center, Japan
The Japanese government’s Information Gathering Satellite carries an optical reconnaissance payload.
SpaceX has applied for a trademark for the term “Starlink” as the name of its mega-constellations of Internet satellites. Elon Musk’s company’s has proposed an initial constellation of 4,425 satellites and a second constellation of 7,518 spacecraft.
Here’s how the services are described in the application, which was filed on Aug. 21:
IC 038. US 100 101 104. G & S: Satellite communication and transmission services; wireless broadband communication services; transmission of data, voice and video via satellite; interactive satellite communication services; delivery of messages by electronic transmission; providing telecommunications connections to the Internet; telecommunications gateway services; providing high-speed wireless internet access; providing multiple-user access to the internet, global computer networks, and electronic communications networks; providing access to global information networks; telecommunications services via satellite; providing a website featuring information in the field of satellite communications; providing a website featuring information in the field of internet access via satellite; providing access to electronic databases and online information for use in retrieving satellite data, recordings, and measurements; satellite photography services
IC 042. US 100 101. G & S: Research and development services in the field of satellite communications; consulting services in the field of satellite communications; engineering services in the field of satellite communications; scientific and technological services, namely, research, analysis, and monitoring of data captured via remote sensors and satellites; remote sensing services, namely, aerial surveying through the use of satellites