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SpaceX reports raising a billion dollars for Starlink and Starship space projects

24 May 2019, 19:30 UTC
SpaceX reports raising a billion dollars for Starlink and Starship space projects
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SpaceX CEO Elon Musk talks about the Starship super-rocket in September 2018. (SpaceX via YouTube)
On the heels of a successful 60-satellite launch, SpaceX says it has raised more than $1 billion for its Starlink satellite internet venture and its super-heavy-lift Starship rocket development effort.
The higher-than-expected investments were reported today in two amended filings with the Securities and Exchange Commission. One financing round, which was opened last December, netted $486 million. The other, which opened last month, brought in $535 million. And between the two rounds, there was still $18.8 million in equity to offer, according to the filings.
The SEC forms indicate that the earlier round involved eight investors, and the later round involved five investors. Because they’re separate filings, there may be some overlap between the investment groups. An SEC filing in January reported eight investors for the round that opened in December — which suggests that, at least in that case, the same group of investors boosted their bets since then.
One of the investors is known to be the Scottish investment bank Baillie Gifford. CNBC quoted unnamed sources as saying that other investors include Gigafund, led by longtime SpaceX backers Luke Nosek and Stephen Oskoui.

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