Ray Wang, founder of Constellation Research, notes that Texas has no income tax, no capital gains tax, and is a business-friendly environment with “lots of cheap land.”
Despite reports that SpaceX is in talks to raise additional funding that would double its valuation, CEO Elon Musk said this is “incorrect.”
“This is not correct,” Musk replied to a story written by Teslerati, referring to the funding round. When other Twitter users insisted what wasn’t right, Musk didn’t answer.
Business Insider, who first reported the news, said SpaceX is aiming for a valuation of $ 92 billion. In August, the company raised $ 1.9 billion at a valuation of $ 46 billion, its largest round of funding to date.
SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer media award in Berlin, Germany, Tuesday December 1, 2020. (Hannibal Hanschke / Pool via AP)
SPACEX COULD BE WORTH ALMOST $ 100 Billion AFTER NEW FUNDING ROUND, REPORT SAYS
FOX Business has reached out to SpaceX with a request for comment for this story to clarify what Musk meant.
The Musk-led SpaceX has had a busy few months, both with its rocket operations and with its Internet satellite segment. In addition to launching its own satellites, it has launched satellites for others, most recently one to low Earth orbit for the satellite radio company SiriusXM.
It recently conducted a test flight with its Starship SN8 missile that ended in a fireball, although Musk called it a success, saying the company had the necessary data.
In collaboration with NASA, SpaceX also launched the Crew-1 mission in November, the crew’s first rotational flight on a US commercial spacecraft, after it was certified to transport astronauts to the International Space Station.
In May, SpaceX made history by launching NASA astronauts into space from US soil for the first time since 2011, following the retirement of the space shuttle.
Musk has also talked about SpaceX in the context of creating a multi-planetary species of humanity after doing so last month.
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In October, Musk, who once advocated dropping nuclear weapons on Mars to make it more habitable, set a four-year timeline for an unmanned SpaceX mission to Mars, but warned that the timeline was “just a guess.”
In 2018, the CEO of SpaceX and Tesla said there was a “70% chance” of moving to Mars, but there was a “good chance” of dying on the way to the Red Planet.
Two years earlier, he had drawn up an ambitious plan to bring human life to Mars. NASA’s long-term goal is to send a manned mission to Mars in the 2030s.
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