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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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U.S. AG Pam Bondi: Tesla Molotov attack suspect facing up to 20 years in prison
The U.S. Attorney General confirmed that a Tesla attacker, who threw Molotov cocktails at a store, is now facing up to 20 years in prison.
It appears that an anti-Tesla activist who is suspected of throwing Molotov cocktails at one of the electric vehicle maker’s stores is now looking at a potentially long prison sentence.
This is, at least, as per United States Attorney General Pam Bondi, who recently shared her insights in a FOX News segment.
Tesla Attacks and Trump Warning
Tesla locations and vehicles have been subjected to numerous attacks as of late, from stores being shot up to vehicles being vandalized and set on fire in suspected arson incidents. In one case, a Tesla store in Salem, Oregon, was attacked with Molotov cocktails.
President Donald Trump has issued a stern warning to people attacking Teslas, stating that he considers such actions as domestic terrorism. While addressing the issue, Trump warned that anyone caught deliberately harming Tesla will be going through “hell.”
Attorney General’s Update
During a recent FOX News segment, US Attorney General Pam Bondi reiterated that anyone targeting others over political beliefs would be caught and punished accordingly. She highlighted that investigations are underway to find out who is behind the violent actions, and she also confirmed that a Tesla attacker, who threw Molotov cocktails at a store, is now facing up to 20 years in prison.
“If you targeted someone, if you went after someone because of their political affiliation, we will be investigating you. We will be looking at you, because that’s the weaponization, and it has to stop. For instance, look what they’re continuing to do to Elon Musk. They are targeting Tesla dealerships, the stations where you charge a Tesla. They’re vandalizing cars. I have already directed an investigation be opened to see how this is being funded. Who is behind this?
“We have people we’re locking up on that. We have someone in jail right now from one of the dealerships. They threw a Molotov cocktail through a dealership. They’re looking at up to 20 years in prison. So, if you’re going to touch a Tesla, go to a dealership, or do anything, you better watch out, because we’re coming after you. And if you’re funding this, we’re coming after you. We’re going to find out who you are,” Bondi stated.
SpaceX is readying to launch the Crew-10 mission this evening, which will bring home U.S. astronauts Butch Wilmore and Suni Williams, who have been stuck on the International Space Station for nine months.
SpaceX is working alongside NASA to bring the two astronauts home, and all systems and weather conditions are looking ideal to launch the mission this evening from the Kennedy Space Center in Florida.
All systems are looking good and weather is exceptional for tonight’s Falcon 9 launch of @NASA‘s Crew-10 to the @Space_Station → https://t.co/VPdhVwQFNJ pic.twitter.com/wZ9LvZAnYn
— SpaceX (@SpaceX) March 14, 2025
Boeing was originally tasked with the rescue mission.
The company sent a Starliner aircraft to the ISS in late September in an effort to bring Williams and Wilmore home. However, malfunctioning thrusters and other issues on the Starliner aircraft prevented NASA from giving the green light to the astronauts to board and come home.
SpaceX was then tasked with bringing the two home, and it appears they will be on their way shortly.
The launch was intended to occur on Wednesday, but a last-minute problem with the rocket’s ground systems forced SpaceX and NASA to delay until at least Friday. Things are looking more ideal for a launch this evening.
The launch is targeted for 7:03 p.m. ET, but another backup opportunity is available tomorrow, March 15, at 6:41 p.m.
SpaceX writes about the Dragon spacecraft that will be used for the mission:
“The Dragon spacecraft supporting this mission previously flew NASA’s Crew-3, Crew-5, and Crew-7 missions to and from the space station. This will be the second flight for the first stage booster supporting this mission, which previously launched the SES 03b mPOWER-e mission. Following stage separation, Falcon 9’s first stage will land on Landing Zone 1 (LZ-1) at Cape Canaveral Space Force Station.”
The mission will not only aim to bring the two astronauts who have been stranded for nine months home, but it will also conduct new research to prepare for human exploration beyond low-Earth orbit.
If Crew-10 launches at the planned time this evening, it will dock to the ISS at 11:30 p.m. ET on Saturday night.
Tesla has officially wrapped up the ability to order the legacy Model Y in the United States, now only showing the new “Juniper” version and its Launch Series trim in the Online Design Studio.
Tesla launched the new Model Y in the United States in early February, and deliveries of the vehicle have officially started. While other trims of the new-look Model Y are available in other countries, Tesla has not started offering those in the United States quite yet.
However, the legacy Model Y and its several configurations are now no longer available for purchase in the U.S., at least for a custom order. Those who are looking for a deal on the best-selling car in the world for the past two years can still snag whatever is left in inventory.
🚨 BREAKING: Tesla is now only offering the new Model Y in the United States in its online configurator.
The legacy Model Y is still available through inventory, but is no longer being produced for custom orders. pic.twitter.com/4rdA7LKZl1
— TESLARATI (@Teslarati) March 14, 2025
The sunsetting of the legacy Model Y is the closing of a chapter that truly launched Tesla into the stratosphere.
Although the Model 3 found plenty of mainstream success for Tesla in its first few years, the Model Y was the vehicle that really made the company successful. It disrupted the operations of other companies, and, in conjunction with the Model Y, made OEMs take EVs seriously.
The Model Y was the best-selling vehicle in the world in 2023 and 2024. With the improvements to ride comfort, suspension, and cabin noise, along with the various changes to the exterior, Tesla has a chance to continue its run with the Model Y in 2025 — as long as it can ramp production in a timely manner and keep demand up.
The latter does not seem like it will be a huge problem as it is still a high-demand vehicle.
Tesla unveiled the Model Y on March 15, 2019, so its first design was eliminated nearly five years before its initial appearance.
U.S. AG Pam Bondi: Tesla Molotov attack suspect facing up to 20 years in prison
SpaceX readies to rescue astronauts from International Space Station
Tesla discontinues legacy Model Y in the U.S. for custom order
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