Constellation Research founder Ray Wang notes that Texas has no income tax or capital gains tax and is a business-friendly environment with “a lot of cheap land.”
Despite reports that SpaceX is in talks to raise additional funding that could double its rating, CEO Elon Musk said this was “incorrect.”
“This is incorrect,” Musk told a Teslerati story, referring to the funding round. When asked by other Twitter users about what was wrong, Musk did not respond.
Business Insider, which first reported the news, said SpaceX is seeking a $ 92 billion valuation. In August, the company raised $ 1.9 billion at a valuation of $ 46 billion, the largest round of financing to date.
SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Media Award in Berlin, Germany on Tuesday, December 1, 2020. (Hannibal Hanschke / Pool via AP)
SPACEX COULD EARN NEARLY $ 100B after a new round of financing, the report says
FOX Business contacted SpaceX with a request for comment on this story to clarify what Musk meant.
SpaceX, led by Musk, has been busy for several months, developing its rocket business, as well as the satellite internet segment. In addition to launching his own satellites, he launched satellites for others, most recently sending one into low-Earth orbit for the satellite radio company SiriusXM.
Recently, he conducted a test flight of his Starship SN8 rocket that ended with a fireball, although Musk said it was a success, saying the company got the data it needed.
Together with NASA, SpaceX also launched the Crew-1 mission in November, the first rotating flight of the crew on an American commercial spacecraft, after being certified for the transport of 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, after the withdrawal of the space shuttle.
Musk also talked about SpaceX in the context of transforming humanity into a multi-planet species, having done so since 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 warned that there was a “high chance” of dying on the way to the Red Planet.
Two years earlier, he had established an ambitious plan to put human life on Mars. NASA’s long-term goal is to send an equipped mission to Mars in the 2030s.
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