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by rory096
3125 days ago
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This $100 million is a follow-on to a $350mm round started this summer, bringing this year's total to $450mm. This puts them up to $1.68 billion in funding, including their $1 billion funding from Google and Fidelity in January 2015. Latest valuation is reportedly $21.5 billion.[0] A conservative estimate of annual payroll on /r/spacex from this week was $700mm.[1] Each Falcon 9 costs about $62mm, though some of the oldest contracts are for far less and government missions are more (plus Dragon). Cash-flow-wise, payments are broken up over the separate phases of the contract. They have launched 16 rockets this year, 8 last year and 6 the two years before. (Not counting one failure in each 2015 and 2016 — though we know SpaceX earned at least part of its CRS-7 milestone payments by getting off the pad.) [0] https://equidateinc.com/company/space-exploration-technologi... [1] https://www.reddit.com/r/spacex/comments/7fk828/estimation_o... [2] http://www.spacexstats.xyz/#section-launchhistory |
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