Category Archives: starlink

SpaceX said to be raising $500m to help fund internet service

SpaceX is raising $500 million at a valuation of $30.5 billion, according to a WSJ report citing people familiar with the matter. The company is said to be raising the capital in part to help fund its ambitious Starlink internet service project. According to the announced plan, SpaceX intends to launch 11,000 satellites to plaster the globe with internet connectivity. So far, SpaceX has launched just two prototype satellites even though earlier reports stated SpaceX, at one time, projected it would have 400 satellites in orbit by […]

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