SpaceX Reports Over $1B in Financing in Six Months

SpaceX has stated in regulatory filings with the Securities and Exchange Commission that its capital increased by more than $1B over the past six months, Reuters reported Friday.

The firm said that it raised $486.2M and $535.7M in equity offerings that started in December and April, respectively.

The filings come after SpaceX launched an initial batch of 60 Starlink satellites intended to form part of the company’s planned broadband megaconstellation in low-Earth orbit.

Gwynne Shotwell, president and chief operating officer of SpaceX and a 2019 Wash100 award recipient, previously noted that the satellites, which incorporate a new design, will serve as a “test batch” for the proposed 12K-satellite constellation and not include critical interlink components.