Elon Musk just secured $507 million in funding to pursue these 3 SpaceX projects
SpaceX recently secured about $507 million in new funding. Based on recent statements, SpaceX will put that cash toward three ambitious projects.
Elon Musk once asked a venture capitalist who was about to invest in SpaceX if she was ready “to not see a return for 15 years?”
“Of course,” she replied.
This kind of optimistic outlook is hard to come by in the venture capital world, but it seems to be shared by investors worldwide when it comes to SpaceX.
“SpaceX is one of [the most], if not the most, popular pre-IPO tech companies globally,” Robert Hilmer, global head of business development at private market analysis group Equidate, told CNBC. “There is an unlimited amount of funding that the company could probably access globally in private markets.”
Case in point: SpaceX recently secured about $507 million in new funding after issuing 3 million new shares, according to The Information, a publication that covers the technology industry. The new report estimates SpaceX to be valued at $27.5 billion.
What’s SpaceX going to do with all that cash? According to recent statements from Musk and SpaceX President and COO Gwynne Shotwell, the company intends to put the funding toward three ambitious projects.
SpaceX’s Starlink project hopes to provide everyone on the planet with access to internet connection–a really, really fast internet connection.
In March, the Federal Communications Commission approved plans for the company to launch 12,000 satellites into orbit that would provide international internet service at, if all goes as planned, a speed of 1 gigabyte per second–about 178 times the current worldwide average.
First two Starlink demo satellites, called Tintin A & B, deployed and communicating to Earth stations pic.twitter.com/TfI53wHEtz— Elon Musk (@elonmusk) February 22, 2018
Upstreamism advocate Rishi Manchanda calls us to understand health not as a "personal responsibility" but a "common good."
- Upstreamism tasks health care professionals to combat unhealthy social and cultural influences that exist outside — or upstream — of medical facilities.
- Patients from low-income neighborhoods are most at risk of negative health impacts.
- Thankfully, health care professionals are not alone. Upstreamism is increasingly part of our cultural consciousness.
A plan to forgive almost a trillion dollars in debt would solve the student loan debt crisis, but can it work?
- Sen. Elizabeth Warren has just proposed a bold education reform plan that would forgive billions in student debt.
- The plan would forgive the debt held by more than 30 million Americans.
- The debt forgiveness program is one part of a larger program to make higher education more accessible.
America isn't immune to attempts to remove books from libraries and schools, here are ten frequent targets and why you ought to go check them out.
- Even in America, books are frequently challenged and removed from schools and public libraries.
- Every year, the American Library Association puts on Banned Books Week to draw attention to this fact.
- Some of the books they include on their list of most frequently challenged are some of the greatest, most beloved, and entertaining books there are.
In most states, LGBTQ Americans have no legal protections against discrimination in the workplace.
- The Supreme Court will decide whether the Civil Rights Act of 1964 also applies to gay and transgender people.
- The court, which currently has a probable conservative majority, will likely decide on the cases in 2020.
- Only 21 states and the District of Columbia have passed laws effectively extending the Civil Rights of 1964 to gay and transgender people.
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