How much more money can SpaceX spend on Starship?

The brief flight of Starship, the world’s largest rocket, was fueled by methane and liquid oxygen, but the ultimate propellant for SpaceX’s ambitious new projects is money. That’s why it’s surprising that CEO Elon Musk said his company wouldn’t raise more capital, despite plans to spend about $2 billion improving the vehicle’s Raptor engines this year.

Musk’s comment during an April 29 Twitter conversation comes as the secondary market in SpaceX shares is weakening for the first time, according to Greg Martin, a managing director at Rainmaker Securities, a boutique investment bank that specializes in private companies. After ByteDance, the company that created TikTok, SpaceX is considered the most valuable venture-backed company.. Read Full Article