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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.

SpaceX's Falcon 9 rocket makes a successful landing. (Photo: NASA)


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.

Starlink

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

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Join Pulitzer Prize-winning reporter and best-selling author Charles Duhigg as he interviews Victoria Montgomery Brown, co-founder and CEO of Big Think, live at 1pm EDT tomorrow.

New hypothesis argues the universe simulates itself into existence

A physics paper proposes neither you nor the world around you are real.

Tetrahedrons representing the quasicrystalline spin network (QSN), the fundamental substructure of spacetime, according to emergence theory.

Credit: Quantum Gravity Institute
Surprising Science
  • A new hypothesis says the universe self-simulates itself in a "strange loop".
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How meditation can change your life and mind

Reaching beyond the stereotypes of meditation and embracing the science of mindfulness.

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  • "Mindfulness allows us to shift our relationship to our experience," explains psychologist Daniel Goleman. The science shows that long-term meditators have higher levels of gamma waves in their brains even when they are not meditating. The effect of this altered response is yet unknown, though it shows that there are lasting cognitive effects.
  • "I think we're looking at meditation as the next big public health revolution," says ABC News anchor Dan Harris. "Meditation is going to join the pantheon of no-brainers like exercise, brushing your teeth and taking the meds that your doctor prescribes to you." Closing out the video is a guided meditation experience led by author Damien Echols that can be practiced anywhere and repeated as many times as you'd like.
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Improving Olympic performance with asthma drugs?

A study looks at the performance benefits delivered by asthma drugs when they're taken by athletes who don't have asthma.

Image source: sumroeng chinnapan/Shutterstock
Culture & Religion
  • One on hand, the most common health condition among Olympic athletes is asthma. On the other, asthmatic athletes regularly outperform their non-asthmatic counterparts.
  • A new study assesses the performance-enhancement effects of asthma medication for non-asthmatics.
  • The analysis looks at the effects of both allowed and banned asthma medications.

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