SpaceX is raising half a billion dollars in new funding, as Elon Musk company continues work on three ambitious projects.
SpaceX's sixth Starlink launch is scheduled for Sunday, vice president Jonathan Hofeller said at the Satellite 2020 conference in Washington, D.C. The company will launch another 60 Starlink satellites on this mission, adding to the 302 satellites its launched already.
Hofeller's division of SpaceX has been ramping up its efforts in recent months, with Starlink production increasing so that the company can get the network up and running.While SpaceX expects it will cost about $10 billion or more to build the Starlink network, Hofeller said the company's fundraising so far has largely not been directed to the Starlink division, as "we've been able to fund the development of Starlink primarily from our internal businesses.
"That's why, in general, we've been very quiet about what we're doing because we don't need to go out and raise money for this particular venture," Hofeller said.
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