Report: SpaceX Anticipates Series N Funding to Reach $1B

SpaceX
SpaceX

SpaceX expects to raise $500M to $1B in Series N funding to support the Starlink constellation effort as well as the orbital flight missions of the company's SuperHeavy and Starship rockets, CNBC reported Thursday.

The funding round is also anticipated to result in a $44B valuation for SpaceX, according to documents obtained by the publication.

CNBC forecasts that Gigafund will “participate significantly” in the funding round. Prior investors include Founders Fund, Valor Equity Partners, Baillie Gifford, Fidelity and Google.

SpaceX previously said it envisions the Starlink project to contribute to a projected $1T broadband satellite market, according to CNBC.

The report comes four months after SpaceX secured a spot on NASA’s potential $7B Gateway Logistics Services contract to deliver cargo to the proposed lunar outpost.

The company also launched its Crew Dragon capsule for NASA’s Demo-2 mission in May ahead of the spacecraft’s arrival at the International Space Station last month.

You may also be interested in...

Nuxeo

Nuxeo Obtains HITRUST CSF Certified Status for Content Mgmt Suite

The Health Information Trust Alliance has granted Nuxeo certified status for information security for its cloud-based content management tool offered through the Amazon Web Services platform.

Gremlins Dynetics

Dynetics Concludes Third Flight Test of Gremlins UAV for DARPA

A Dynetics-made unmanned aerial vehicle demonstrated autonomous and manual safety behaviors in a test flight series for the Defense Advanced Research Projects Agency. The Gremlins Air Vehicle, with its corresponding recovery system, performed seven hours of flight in November, at Utah-based Dugway Proving Ground, Dynetics, a Leidos subsidiary, said Wednesday.

Medallia

HHS Taps Medallia to Help Augment Customer Experience in Health Services

Medallia will deliver user experience technology to help the Department of Health and Human Services address health-related public sector issues and augment key services for HHS customers. The company said Thursday it offers a government-tailored platform that helps agencies determine how to improve citizen experience based on feedback data.