SpaceX registered a huge record with its Falcon 9 rocket, the firm would also have carried out the most colossal fundraising in its entire existence.
SpaceX registered a huge record on Tuesday, August 18 with its Falcon 9 rocket, but not only that, the firm would also have carried out the most colossal fundraising in its entire existence.
Its various successes have enabled it to achieve a historic $1.9 billion.
According to official documents published by the American financial markets regulator (SEC), SpaceX has just completed a $1.9 billion financing round. This is an historic fund-raising, bringing its capitalization to $46 billion, well above what was previously estimated.
For the moment, the financing operation remains private and it is not possible to know the various investors. On the other hand, Bloomberg announced that Fidelity Investments would be among the largest in the cycle.
An IPO, with a spin-off from Starlink?
To reach such a large amount of money, SpaceX relied on its latest series of successes that officially established the company in the commercial space industry. First with its first manned flight to the ISS, with its Crew Dragon capsule and Falcon 9 rocket, and then with its accelerated deployment of the Starlink network.
Should we expect Elon Musk's firm to prepare an IPO? At this point, things are starting to become clearer.
On the one hand, SpaceX should not go public, since its CEO has always indicated that the company will wait until it has successfully completed its first flights to Mars before seeking such an operation.
On the other hand, a spin-off could take place for Starlink's business, and the capital of this new company would be in the running to become public. Last February, the COO of SpaceX Gwynne Shotwell had been transparent on this subject. "Starlink is the kind of company we can take public," she told Bloomberg.
Its 12,000 planned - albeit highly controversial - satellites provide the company with significant leverage. Starlink would thus address a huge market, comprising both traditional operators and new customers in rural areas and emerging markets. By the end of 2020, it is expected that 1500 of them will be deployed in low earth orbit.