SpaceX plans to raise $1 billion, with a valuation increase of $10 billion to $44 billion

category:Finance
 SpaceX plans to raise $1 billion, with a valuation increase of $10 billion to $44 billion


It is understood that the new round of funding will be used for the commercial operation of SpaceXs Starlink program. This plan means that SpaceX plans to build a star chain network consisting of about 12000 satellites in space from 2019 to 2024 to provide high-speed Internet access services to the earth from space.

Specifically, SpaceX plans to launch 12 batches of rockets to put 720 star chain satellites into orbit. Each launch mission consists of 60 satellites, each weighing about 260 kg. In November last year, the first batch of satellites were successfully launched, and so far more than 450 satellites have been successfully launched. SpaceX believes that the potential market size of star chain business is as high as $1 trillion, and it is expected to generate revenue from this year. Last week, a router approved by the Federal Communications Commission for the star link project will connect an external satellite antenna or terminal to any computer or phone in the house, providing an 866.7 Mbps data transfer rate to end users. Morgan Stanley later published a research paper, saying that if the star chain project is successful, SpaceX could be valued at $175 billion. Source: Wall Street news editor: Yang Bin_ NF4368

Specifically, SpaceX plans to launch 12 batches of rockets to put 720 star chain satellites into orbit. Each launch mission consists of 60 satellites, each weighing about 260 kg.

Morgan Stanley later published a research paper, saying that if the star chain project is successful, SpaceX could be valued at $175 billion.