Spacex has reportedly raised $ 850 million in a round of funding. This would mean the company is worth around $ 74 billion. It would also mean that the company has money to continue on with its future projects.
Spacex’s plans to send enough satellites to create a global, high-speed Internet network is expensive. The company’s plan is still in the beta and pre-order stage, but it’s not going to be bringing in a ton of money.
Spacex is also working on a spaceship with a cargo capacity that rivals the Saturn v. recent crashes suggest the company will have to build a few more before it has a product that can be profitably sent into space.
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