As per reports, Elon Musk’s SpaceX has raised $850 million in equity funding last week sending the company’s valuation to $74 billion. SpaceX is simultaneously developing and investing in its two ambitious and capital-intensive projects Starlink and Starship rocket. Starlink is a highly anticipated project of SpaceX aimed to build an interconnected internet network powered by thousands of satellites, designed to deliver high-speed internet to users anywhere on Earth. Musk again informed last week that SpaceX plans to eventually spin off Starlink and take it public.
“Once we can predict cash flow reasonably well, Starlink will IPO,” stated Musk.
SpaceX’s Starship rocket is being built and prototypes being tested in Boca Chica, Texas. The company has been successful in launching multiple Starship prototypes, making them land safely after short flights to about 500 feet altitude. But its two most recent high-altitude flights, exploded on impact during attempted landings, despite passing multiple development milestones. SpaceX is developing Starship with the goal of launching as many as hundreds of people and cargo at a time on missions to the moon and Mars. The Starship prototypes are built of stainless steel, making them reusable similar to a commercial aircraft.
Visit the VP Watchlist to learn more about Tesla (TSLA), Apple (AAPL), and other companies highlighted in our targeted list.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.