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SpaceX closes second billion-dollar funding round in eight months
Updated SEC documents show that the appetites of SpaceX’s investors weren’t quite sated after a February 2021 round of funding, leading the company to expand the offering and raise another ~$300 million.
Bumping the round’s proceeds from approximately $850 million to more than $1.16 billion, the second offering means that it’s now the third time in SpaceX history that a single round of funding has brought in more than $1B. In the midst of unprecedentedly capital-intensive investments into Starlink user terminal manufacturing and satellite production and launch, as well as an extremely aggressive Starship flight test program, the latest investment is par for the course during a prolific period of fundraising at SpaceX.
Around the end of February 2021, industry reports (later confirmed by an SEC filing) stated that SpaceX – on top of allowing shareholders to sell as much as $750M back to the company – raised nearly $850M in equity funding. Aside from raising the company’s valuation to $74B at a share price just shy of $420, insiders also reported that demand for SpaceX equity soared past $6B in the single week the round was open.
Two months later, an amended SEC filing shows that SpaceX expanded that round’s offering, adding another 30 investors and $315M for a total of $1.16B. The company’s need for capital has almost certainly never been higher, making the latest bump less than surprising. In the last ~18 months, SpaceX has built and launched some 1380 operational Starlink v1.0 satellites on 23 separate Falcon 9 missions.
Based on public information, each of those launches likely costs SpaceX at least $30M including 60 Starlink satellites, an expendable Falcon upper stage, recovery fleet operations, and rocket propellant – equating to roughly $700M for all 23 operational launches. Relative to prospective competitors like OneWeb, SpaceX’s costs are almost unbelievably low, but the company still needs substantial external funding to support its ambitious launch cadence and get Starlink operational and profitable as quickly as possible.
Meanwhile, SpaceX’s circa 2021 Starship program likely spends more than $100M annually on payroll alone, with at least as much going into major construction projects and prototype production as the company works towards an extraordinarily ambitious summer 2021 target for the rocket’s first orbital launch. All told, at least for the time being, SpaceX needs a ton of funding to support its ambitions beyond an already-healthy satellite, cargo, and crew launch business, and investors appear to still be frothing at the mouth to send SpaceX their money.
As of today’s SEC filing, of the $6.2 billion SpaceX has raised through 15 separate offerings spread over the last 19 years, nearly half of all that funding ($3.06B) has come from just two rounds closed in the last eight months.
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Tesla rolls out new Supercharging safety feature in the U.S.
Tesla has rolled out a new Supercharging safety feature in the United States, one that will answer concerns that some owners may have if they need to leave in a pinch.
It is also a suitable alternative for non-Tesla chargers, like third-party options that feature J1772 or CCS to NACS adapters.
The feature has been available in Europe for some time, but it is now rolling out to Model 3 and Model Y owners in the U.S.
With Software Update 2026.2.3, Tesla is launching the Unlatching Charge Cable function, which will now utilize the left rear door handle to release the charging cable from the port. The release notes state:
“Charging can now be stopped and the charge cable released by pulling and holding the rear left door handle for three seconds, provided the vehicle is unlocked, and a recognized key is nearby. This is especially useful when the charge cable doesn’t have an unlatch button. You can still release the cable using the vehicle touchscreen or the Tesla app.”
The feature was first spotted by Not a Tesla App.
This is an especially nice feature for those who commonly charge at third-party locations that utilize plugs that are not NACS, which is the Tesla standard.
For example, after plugging into a J1772 charger, you will still be required to unlock the port through the touchscreen, which is a minor inconvenience, but an inconvenience nonetheless.
Additionally, it could be viewed as a safety feature, especially if you’re in need of unlocking the charger from your car in a pinch. Simply holding open the handle on the rear driver’s door will now unhatch the port from the car, allowing you to pull it out and place it back in its housing.
This feature is currently only available on the Model 3 and Model Y, so Model S, Model X, and Cybertruck owners will have to wait for a different solution to this particular feature.
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LG Energy Solution pursuing battery deal for Tesla Optimus, other humanoid robots: report
Optimus is expected to be one of Tesla’s most ambitious projects, with Elon Musk estimating that the humanoid robot could be the company’s most important product.
A recent report has suggested that LG Energy Solution is in discussions to supply batteries for Tesla’s Optimus humanoid robot.
Optimus is expected to be one of Tesla’s most ambitious projects, with Elon Musk estimating that the humanoid robot could be the company’s most important product.
Humanoid robot battery deals
LG Energy Solution shares jumped more than 11% on the 28th after a report from the Korea Economic Daily claimed that the company is pursuing battery supply and joint development agreements with several humanoid robot makers. These reportedly include Tesla, which is developing Optimus, as well as multiple Chinese robotics companies.
China is already home to several leading battery manufacturers, such as CATL and BYD, making the robot makers’ reported interest in LG Energy Solution quite interesting. Market participants interpreted the reported outreach as a signal that performance requirements for humanoid robots may favor battery chemistries developed by companies like LG.
LF Energy Solution vs rivals
According to the report, energy density is believed to be the primary reason humanoid robot developers are evaluating LG Energy Solution’s batteries. Unlike electric vehicles, humanoid robots have significantly less space available for battery packs while requiring substantial power to operate dozens of joint motors and onboard artificial intelligence processors.
LG Energy Solution’s ternary lithium batteries offer higher energy density compared with rivals’ lithium iron phosphate (LFP) batteries, which are widely used by Chinese EV manufacturers. That advantage could prove critical for humanoid robots, where runtime, weight, and compact packaging are key design constraints.
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Tesla receives approval for FSD Supervised tests in Sweden
Tesla confirmed that it has been granted permission to test FSD Supervised vehicles across Sweden in a press release.
Tesla has received regulatory approval to begin tests of its Full Self-Driving Supervised system on public roads in Sweden, a notable step in the company’s efforts to secure FSD approval for the wider European market.
FSD Supervised testing in Sweden
Tesla confirmed that it has been granted permission to test FSD Supervised vehicles across Sweden following cooperation with national authorities and local municipalities. The approval covers the Swedish Transport Administration’s entire road network, as well as urban and highways in the Municipality of Nacka.
Tesla shared some insights into its recent FSD approvals in a press release. “The approval shows that cooperation between authorities, municipalities and businesses enables technological leaps and Nacka Municipality is the first to become part of the transport system of the future. The fact that the driving of the future is also being tested on Swedish roads is an important step in the development towards autonomy in real everyday traffic,” the company noted.
With approval secured for FSD tests, Tesla can now evaluate the system’s performance in diverse environments, including dense urban areas and high-speed roadways across Sweden, as noted in a report from Allt Om Elbil. Tesla highlighted that the continued development of advanced driver assistance systems is expected to pave the way for improved traffic safety, increased accessibility, and lower emissions, particularly in populated city centers.
Tesla FSD Supervised Europe rollout
FSD Supervised is already available to drivers in several global markets, including Australia, Canada, China, Mexico, New Zealand, and the United States. The system is capable of handling city and highway driving tasks such as steering, acceleration, braking, and lane changes, though it still requires drivers to supervise the vehicle’s operations.
Tesla has stated that FSD Supervised has accumulated extensive driving data from its existing markets. In Europe, however, deployment remains subject to regulatory approval, with Tesla currently awaiting clearance from relevant authorities.
The company reiterated that it expects to start rolling out FSD Supervised to European customers in early 2026, pending approvals. It would then be unsurprising if the company secures approvals for FSD tests in other European territories in the coming months.