A Starship prototype will be on the company’s launch pad in Boca Chica, Texas on March 16, 2022.
Elon Musk’s SpaceX raised $250 million in a share round last month, the company announced in a securities filing on Friday. It has now raised $2 billion by 2022.
The filing does not specify the sources of the funds, but noted that they came from five investors.
SpaceX has not disclosed a change in its valuation. The company’s value has skyrocketed in recent years, with SpaceX raising billions to fund work on two capital-intensive projects: the next-generation rocket Starship and its global satellite Internet network Starlink. The value reached $127 billion during the previous stock round in May, TBEN reported. That raise brought in $1,725 billion.
SpaceX is working on the next milestone in Starship development: the first attempt at Earth orbit. Musk said on Twitter earlier this week that a successful orbital flight is “probably between 1 and 12 months from now.”