As a new decade kicks off, Elon Musk’s SpaceX is poised to hit key milestones that are essential for the future of its business
Share to linkedin... [+]As a new decade kicks off, two space industry startups—Elon Musk’s SpaceX and Richard Branson’s Virgin Orbit—are poised to hit key milestones that are essential for the future of their businesses. In SpaceX’s case, that’s building out the satellite internet business it plans to launch later this year, while for Virgin Orbit it means the start of commercial operations.
The previous two Starlink launches caused controversy when light reflected off of them was brightly visible, to the detriment of certain research observations. Last month, SpaceX COO Gwynne Shotwell said in a meeting with reporters, “We want to make sure we do the right thing to make sure little kids can look through their telescope.”
Getting Starlink up and running is a key part of SpaceX’s business plan. According to Pitchbook, SpaceX has raised over $1.2 billion in venture capital over the past 12 months, growing its valuation to over $33 billion. A large chunk of that capital is geared towards building out Starlink.
, but so far only one, the Los Angeles-based Rocket Lab, has successfully delivered customer satellites into orbit.
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