Elon Musk’s SpaceX gets a stratospheric valuation in its latest funding

[Elderberry]

Fortune by Justin Bachman and Bloomberg 8/18/2020

SpaceX took in $1.9 billion in new funding this month and plans to raise more, capping off a busy period that includes its first successful human spaceflight, a launch for a satellite-based Internet service and work on a massive ship slated to carry people to Mars.

The company, founded by Elon Musk, sold the bulk of its planned $2.07 billion offering to investors starting Aug. 4, according to a regulatory filing Tuesday. SpaceX plans to sell another $165 million in equity and preferred stock.

Seventy-five investors have participated in the latest round of funding, which will value the company at $46 billion, Bloomberg News reported last week. That would rank SpaceX as one of the most valuable venture-backed U.S. companies.

More: https://fortune.com/2020/08/18/elon-musk-spacex-valuation-latest-funding/

[catfish1957]

Is he going to want this company subisized by the U.S. taxpayer too?  (Sorry, but I had to ask)

[truth_seeker]

Is he going to want this company subisized by the U.S. taxpayer too?  (Sorry, but I had to ask)

Some would say mineral  extractors (Iron, Oil, uranium, ETC) enjoy subsidies in the form of depletion allowance, etc.
There are many industries that have had favorable treatment


https://www.google.com/search?newwindow=1&sxsrf=ALeKk02EUQqePbzCG6xzbvDDmJPExt3gkg%3A1597785764577&source=hp&ei=pEY8X9fbH_vO0PEPn6Kq8AI&q=government+subsidiies+by+industry&oq=government+subsidiies+by+industry&gs_lcp=CgZwc3ktYWIQAzIECAAQDTIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjoHCCMQ6gIQJzoNCC4QxwEQrwEQ6gIQJzoECCMQJzoECC4QJzoICAAQsQMQgwE6BQgAELEDOgIIADoLCC4QsQMQxwEQowI6CAguELEDEJMCOgUILhCxAzoGCAAQDRAeOggIABAIEA0QHjoICAAQDRAFEB5QkxpYwr0BYL7OAWgBcAB4AIABzAGIAfMbkgEHMjIuMTAuMZgBAKABAaoBB2d3cy13aXqwAQo&sclient=psy-ab&ved=0ahUKEwjXva_n16XrAhV7JzQIHR-RCi4Q4dUDCAk&uact=5

[catfish1957]

Some would say mineral  extractors (Iron, Oil, uranium, ETC) enjoy subsidies in the form of depletion allowance, etc.
There are many industries that have had favorable treatment


https://www.google.com/search?newwindow=1&sxsrf=ALeKk02EUQqePbzCG6xzbvDDmJPExt3gkg%3A1597785764577&source=hp&ei=pEY8X9fbH_vO0PEPn6Kq8AI&q=government+subsidiies+by+industry&oq=government+subsidiies+by+industry&gs_lcp=CgZwc3ktYWIQAzIECAAQDTIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjIGCAAQFhAeMgYIABAWEB4yBggAEBYQHjoHCCMQ6gIQJzoNCC4QxwEQrwEQ6gIQJzoECCMQJzoECC4QJzoICAAQsQMQgwE6BQgAELEDOgIIADoLCC4QsQMQxwEQowI6CAguELEDEJMCOgUILhCxAzoGCAAQDRAeOggIABAIEA0QHjoICAAQDRAFEB5QkxpYwr0BYL7OAWgBcAB4AIABzAGIAfMbkgEHMjIuMTAuMZgBAKABAaoBB2d3cy13aXqwAQo&sclient=psy-ab&ved=0ahUKEwjXva_n16XrAhV7JzQIHR-RCi4Q4dUDCAk&uact=5

I know that.  But 2, 3, 4, a 1000 wrongs don't make a right.  The only time a subsidy should be allowed is if the product is questionable in  profit or value, but needed for national security. And I think that would make for a pretty small list.

[truth_seeker]

I know that.  But 2, 3, 4, a 1000 wrongs don't make a right.  The only time a subsidy should be allowed is if the product is questionable in  profit or value, but needed for national security. And I think that would make for a pretty small list.

Food, energy, transportation, arms making.

JS Musk has reportedly turned out Space craft & travel, for a fraction of time & money, compared to NASA.

Sure there are some subsidies, which seem to be unnecessary.

I get more exercised about media brainwashing people.

[DB]

Food, energy, transportation, arms making.

JS Musk has reportedly turned out Space craft & travel, for a fraction of time & money, compared to NASA.

Sure there are some subsidies, which seem to be unnecessary.

I get more exercised about media brainwashing people.

It is the government guaranteed loans that irk me the most.

If his venture is successful he wins. If his venture is a failure the taxpayers lose. Nice gig if you can get it...

It ought to be his and other investors money on the line with his gambles.

[catfish1957]

Food, energy, transportation, arms making.

JS Musk has reportedly turned out Space craft & travel, for a fraction of time & money, compared to NASA.

Sure there are some subsidies, which seem to be unnecessary.

I get more exercised about media brainwashing people.

Point taken.  Just as I get all Rambo over tax dollar misuse, and Fed Budget deficits. 

[truth_seeker]

Point taken.  Just as I get all Rambo over tax dollar misuse, and Fed Budget deficits.

Alt the above.

There are precedents. WWII planes, tanks, ships.

Space Race Defense-Aerospace

Even the film industry performed during WWII

These days I think we use food for relations abroad.

[catfish1957]

Alt the above.

There are precedents. WWII planes, tanks, ships.

Space Race Defense-Aerospace

Even the film industry performed during WWII

These days I think we use food for relations abroad.

Js...  Telsa now has a $350B market cap.  Time to wean Musk off the taxpayer teat, permanently.

[truth_seeker]

Js...  Telsa now has a $350B market cap.  Time to wean Musk off the taxpayer teat, permanently.

Hasn't the market, in large measure, given that valuation?

If I was 40-50 years younger I would be  fascinated to be involved with newer technologies, just like when I teletyped into a mainframe, across the state, around 1971. Same at community college same year.