SpaceX bags SDA contract to track ICBM launches

In a defining moment for SpaceX, Elon Musk’s space venture has won a $149 million contract to build missile-tracking satellites for the Pentagon, said the U.S. Space Development Agency (SDA) in a statement on Monday. The development marks SpaceX’s first government contract to build satellites. Known for its reusable rockets and astronaut capsules, SpaceX is…

Elon Musk to spin off SpaceX IPO once revenue growth becomes steady, predictable

Elon Musk, Tesla Inc’s CEO plans on listing his space internet venture, Starlink, in the years ahead when revenue growth is predictable and smooth. “Public market does *not* like erratic cash flow haha,” tweeted Musk. In 2019, Musk said Starlink was an important new revenue stream for Space Exploration Technologies, SpaceX. In February 2020, SpaceX’s…

SpaceX could be valued at $36 billion in latest funding round

According to sources familiar with financing of Elon Musk’s SpaceX, the company is looking to raise around $250 million, which could see its valuation touch $36 billion, reported CNBC. According to CNBC’s report, SpaceX plans on raising the amount at a price of $220 per share. The funding round is expected to close after the…