SpaceX just raised $1.5 billion in funding, boosting its valuation to $125 billion from $100 billion last year. In this context, SpaceX is offering to buy back shares from existing shareholders to allow employees to raise funds.
The Starlink constellation continues to grow
Despite inflation, SpaceX continues to grow and investors believe in its projects. For now, Elon Musk’s business is mainly focused on two activities. The first is Starlink, its constellation of satellites intended to bring a high-speed Internet network to all the most remote regions of the world. SpaceX has already sent more than 2,400 satellites into Earth orbit and plans to send thousands more. Currently, the company is able to produce 45 satellites per week. It also builds individual dishes so users can connect to satellites.
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Like many other companies, SpaceX is forced to raise its prices, especially the prices of the Starlink subscription. On the other side of the Atlantic, it went from 99 to 110 dollars a month. The company has also increased launch prices for its Falcon 9 and Falcon Heavy rockets. This is a significant cost pressure related to raw materials and logistics.
SpaceX focuses on Starship
SpaceX’s second priority is Starship, its ultra-heavy rocket for deep space travel. When completed, it will be even more powerful than SLS, NASA’s launch vehicle for returning humans to the Moon. However, the development of the Starship as well as the Super Heavy, its launch vehicle, has been delayed: SpaceX has not conducted a test of its vessel for more than a year now and is still awaiting the green light from the US authorities to operate its vessel. first orbital flight.
In addition, Starship is the vehicle chosen by NASA to land astronauts on the lunar surface as part of the Artemis program: if SLS is to take them into orbit, the SpaceX rocket must land them there, especially because, unlike SLS, it is reusable and can therefore land and then take off again.
Ultimately, SpaceX’s ambition is for Starship to be used as a means of transportation between Earth and the Moon, and ultimately between Earth and Mars. For this, Elon Musk wants to have different launch sites around the world, and his company is already building ” spaceports off Texas by converting oil rigs.
Elon Musk is controversial
As reported by The Wall Street Journalthe company also launched a major recruitment campaign, posting more than 850 vacancies on its website, ranging from software engineers to welders.
Despite the good health of his companies, SpaceX and Tesla, which continue to grow, Elon Musk is currently mired in controversy. In fact, SpaceX reportedly paid $250,000 to a flight attendant to make sure she shut up after Elon Musk made “ sexual suggestions SpaceX President Gwynne Shotwell told company staff that she personally believed the allegations against Musk to be false, but Musk also denied the facts.
In addition, Elon Musk is the target of criticism after suspending the acquisition of Twitter, which he announced to acquire a few weeks earlier.