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SpaceX valuation to grow by 27% as Starship, Starlink programs seek more funding
CNBC reports that SpaceX is seeking to raise at least $1.725 billion in its first funding round of 2022, potentially boosting the private company’s valuation as high as $127 billion.
The report signals just the latest in a long line of high-profile rounds of funding SpaceX has secured over the last seven years, gradually boosting its valuation by a factor of more than 100. More likely than not, this round will also be fully subscribed or even oversubscribed as investors scramble over a relatively rare opportunity to snag a small slice of SpaceX – a demand so high that Equidate once stated that SpaceX effectively had access to ‘an unlimited amount of funding’ in 2018.
Four years later, it’s clear that Equidate’s position and forecast were prescient. After a few slow years post-2015, SpaceX’s fundraising activity returned with a vengeance in 2019. From 2019 to 2021, the company privately raised more than $5.2 billion – nearly triple the amount of private funding SpaceX raised from 2002 to 2018. In the likely event that the latest in a long line of highly sought-after and oversubscribed SpaceX investment rounds, SpaceX will have ultimately raised between $8.6 and $9 billion since 2015, averaging about $1.3 billion per year over the last seven years.
More likely than not, a vast majority of that $9 billion has gone towards Starlink and Starship – both of which are also almost exclusively responsible for the fact that SpaceX’s valuation outmatches its annual revenue by a factor of several dozen. CEO Elon Musk has stated in 2017 and 2018 that SpaceX invested around $1 billion to develop Falcon booster reusability and more than $500 million to develop a triple-booster variant of Falcon 9 known as Falcon Heavy – still the most capable operational rocket in the world four years after its debut. It’s possible that some portion of SpaceX’s fundraising since 2015 has gone towards basic recurring expenses during years with few launches and relatively little revenue.
However, it’s likely that most or all of the remaining $7-7.5 billion – separate from several lucrative contracts awarded by the US military and NASA – has gone towards Starlink and Starship. In the last few years, SpaceX has effectively built a massive factory and launch pad for the largest rocket ever built (Starship) out of empty lots in South Texas. SpaceX has also turned several nondescript buildings near Seattle, Washington into the most productive satellite factory in spaceflight history and is working on additional factories to mass-produce hundreds of thousands to millions of cutting-edge satellite dishes per year to allow millions of people to connect to the internet through Starlink.


Assuming a rough marginal cost of $500,000 per satellite and $15 million per Falcon 9 launch, SpaceX could have easily spent more than $2 billion just to build and launch the ~2650 Starlink satellites it’s launched to date. Accounting for the annual salaries and overhead needed for the thousands of employees required to build those satellites and conduct more than 50 different Starlink launches, the true cost over several years could be closer to $3-5 billion. Meanwhile, Starbase has rapidly expanded, built vast new infrastructure, mass-produced around two-dozen different Starship tanks and prototypes, completed dozens of tests, built and tested 150-200 Raptor engines, and conducted nine major flight tests.
Up until late 2021, perhaps less than 5-10% of funding for the above activities came directly from US government contracts. While Starlink remains almost entirely privately funded, SpaceX’s Starship program received a major influx of funding and support from NASA through a $3 billion Moon landing contract awarded in April 2021, but protests from two competitors meant that funds from that contract only began reaching SpaceX around the end of the year. Ultimately, it’s not hard to see why SpaceX has needed to raise so much capital in the last three years.
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Tesla Model Y on FSD saves couple after encountering King of edge cases
Experts have noted that if confirmed, this could be the world’s first recorded meteorite collision involving a Tesla.
A South Australian Tesla driver is thanking his Model Y’s Full Self-Driving system after a mysterious object, possibly a meteorite, slammed into his car’s windshield while it had FSD engaged.
The impact sent hot glass fragments flying through the cabin as the vehicle continued driving without human input through the darkness. Experts have noted that if confirmed, this could be the world’s first recorded meteorite collision involving a Tesla.
The Tesla owner was enjoying a quiet drive home when they hit the king of edge cases
Veterinarian Dr. Andrew Melville-Smith and his wife were traveling north on Augusta Highway on the night of October 19 when a sudden blast struck their newly delivered Model Y. At the time, it was clear, pitch black night, and Dr. Melville-Smith and his wife were just listening to a podcast while FSD was operating the vehicle, as noted in a Yahoo News report.
Suddenly, something hit the Tesla’s windshield. “Then there was, (what) I can only describe as a very, very violent explosion. The whole inside of the car was literally blasted with glass fragments. It was full of white smoke, and it smelled like the car was on fire,” Dr. Melville-Smith stated.
The vet stated that he and his wife were stunned for a good 10 seconds, and for a bit, he and his wife thought they had crashed. Images of the crash’s aftermath showed a massive crack on the Tesla’s windshield, which Dr. Melville-Smith noted was hot to the touch. The object that hit the Tesla’s windshield was so hot that part of the vehicle’s windshield was partly melted.
FSD kept driving despite the possible meteorite strike
Thankfully, the Tesla was operating with its FSD (Supervised) system engaged at the time. Thus, despite the vehicle being hit by what might be a literal meteorite, and despite Dr. Melville-Smith and his wife being stunned because of the impact, their Tesla just kept driving steadily.
“I thought we’d had an accident, but then I looked at the screen and went ‘Oh, we’re still driving. We were moving around, so it obviously thought we were paying attention, and it was happy to keep driving to Port Augusta. After we pulled over, we saw the big crater in the windscreen,” the vet said.
The South Australian Museum is now examining the case, with geologist Dr. Kieran Meaney stating the scorched glass and heat damage do suggest a potential meteorite strike. “The little detail that’s really selling it for me at the moment is that whatever it was that hit the windscreen seems to have been very hot,” Meaney explained. However, the object has yet to be recovered.
Check out a video of the remarkable edge case below.
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“Foundation:” Elon Musk wants to send a record of Grokipedia to space
The idea sounds outlandish, though it is also something that is in character for the CEO.
Elon Musk has announced one of his latest initiatives, and it is every bit as sci-fi as it is surprisingly grounded. In a post on X, Musk stated that Grokipedia, xAI’s new open-source encyclopedia, will be etched into stable oxide and launched into space.
The idea sounds outlandish, though it is also something that is in character for the CEO.
Preserving human knowledge among the stars
Musk posted his plan following the launch of Grokipedia’s V0.1’s iteration. The CEO congratulated the xAI team for the online encyclopedia’s launch, though he also stated that the goal for Grokipedia is to create an open-source collection of knowledge. This would then be distributed to the cosmos.
“Nice work by the xAI team on Grokipedia! The goal here is to create an open source, comprehensive collection of all knowledge. Then place copies of that etched in a stable oxide in orbit, the Moon, and Mars to preserve it for the future. Foundation,” Musk wrote in his post.
While seemingly outlandish, this is not the first time that a record of human knowledge of sorts was sent out to space. In 1977, the Voyager Golden Record was launched aboard NASA’s Voyager 1 and 2 spacecraft. The record contains sounds and images that ere aggregated to portray the diversity of the Earth’s culture. Of course, Musk’s plan with Grokipedia, is infinitely more ambitious.
Grokipedia and AI neutrality
Musk launched Grokipedia as an AI-driven alternative to Wikipedia, designed to eliminate the human biases that could affect conventional online knowledge platforms. The system is powered by xAI’s Grok, which scrape and summarize information from across the internet, offering balanced and nuanced coverage of topics ranging from science and technology to culture and politics.
Unlike Wikipedia’s human-edited format, Grokipedia would be able to evolve through machine learning, reading vastly more material than any editorial team could. Early testers, including Wikipedia co-founder Larry Sanger, praised its initial version as “very OK” and potentially more neutral than Wikipedia. Musk agreed, stating that even in its V0.1 form, Grokipedia is “already better than Wikipedia.”
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Tesla Cybertrucks to save Las Vegas police thousands in fuel and maintenance
Sheriff Kevin McMahill unveiled the new vehicles on Monday, describing them as “the next evolution to keep our community safer than it’s ever been.”
The Las Vegas Metropolitan Police Department has officially unveiled its fleet of Tesla Cybertrucks as part of its push toward a more advanced, cost-efficient, and sustainable patrol system.
Sheriff Kevin McMahill unveiled the new vehicles on Monday, describing them as “the next evolution to keep our community safer than it’s ever been.” The trucks are expected to begin service across all area commands within two weeks.
High-tech patrol fleet
Each UP.FIT-modified Cybertruck has been customized with ladders, shields, and less-lethal equipment to support law enforcement operations. The vehicles will connect to a live drone response hub capable of facial recognition and gunshot detection, enabling drones to launch automatically when alerts trigger. The system streams real-time footage directly to responding officers, enhancing both speed and situational awareness during emergencies.
Officers have already completed training with the new fleet and offered feedback on its performance, according to Fox 5 Vegas. Sheriff McMahill noted that the trucks, along with robot dogs and SWAT vehicles, represent a coordinated effort to combine human expertise with emerging technologies. The Cybertruck rollout was made possible through a donation from the Horowitz family.
Cybertrucks’ major savings
The department’s ten UP.FIT patrol Cybertrucks are among the most American-made law enforcement vehicles available, featuring roughly twice the domestic parts content of comparable Ford and Chevrolet patrol trucks. Beyond their build quality, the electric fleet offers major cost benefits. Each Cybertruck is projected to save between $8,800 and $12,000 in annual fuel costs and roughly $3,540 in maintenance over a five-year service life.
With regenerative braking, factory ballistic-resistant doors, and no idling fuel burn, the Cybertruck platform provides higher uptime, lower total cost of ownership, and a quieter patrol experience, all while reducing the department’s carbon footprint. Sheriff McMahill confirmed each area command will receive one of the new patrol units.
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