SpaceX raised a total of $1.33 billion last year across three funding rounds. The company's capital raises are consistently oversubscribed. SpaceX needs more money as it has three important programs this year: Crew Dragon, Starlink, and Starship. Crew Dragon is the spacecraft designed to fly NASA astronauts to the ISS, Starlink is a new satellite constellation intended to provide high-speed, low-latency Internet to all parts of the globe, and Starship is the ambitious project to create a reusable rocket that can carry as many as 100 people to the Moon and Mars.
Starlink is the company’s ambitious plan to create a global network of small satellites to provide high-speed internet to any place in the world. Known as a “megaconstellation,” Starlink is expected to consist of an interconnected system of about 12,000 satellites.The Starlink network is expected to cost about $10 billion or more, according to comments made by SpaceX president Gwynne Shotwell two years ago. The company is also considering to spin off Starlink via an IPO within a couple of years.
So far SpaceX has launched about 300 Starlink satellites, sending batches of 60 at a time into space every few weeks.