SpaceX raised money to fund future missions
SpaceX raised money to fund future missions

SpaceX raised $ 850 million last week, raising the company's valuation to nearly $ 74 billion.

The company has funds to keep track of future projects and the most recent cash flow has come from developing two projects at the same time.

The first project represents Starlink's ambitious internet service to build an interconnected network of thousands of satellites, known in the aviation industry as Constellation, and aims to provide high-speed internet to consumers around the world.

SpaceX previously estimated Starlink could cost $ 10 billion or more, but it estimates the network could generate $ 30 billion annually.

To date, SpaceX has launched more than 1,000 satellites for the Starlink service while also starting to offer early public beta services to customers in the US, Canada and the UK.

The company recently expanded its public beta so that potential users can order the service for $ 99 initially.

The first letter of the requirements informs users that the target is to work in mid to late 2021 while the other initial requirements are for 2022.

The company announced in a Federal Communications Commission (FCC) report last week that Starlink had just over 10,000 users in the US and abroad, just over three months before its public beta.

The company's Starship launcher is another ambitious effort as SpaceX regularly builds and tests prototypes in Boca Chica, Texas.

The company successfully launched several prototypes of "spacecraft" and safely landed at an altitude of approximately 500 feet after a short flight.

Although it went through several stages of development, its last two flights blew up at high altitudes when it collided while trying to land.

The spacecraft model is made of stainless steel. The company aims to develop a missile system that can be reused as a commercial aircraft.

The aim of the development of SpaceX Starship is to carry out shipments and up to 100 missions to the Moon and Mars at the same time.

Despite the explosive ends of the last two missions, SpaceX still viewed these launches as milestones in spacecraft development.

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