Lifeboat Foundation

The valuation of Elon Musk’s SpaceX crossed $100 billion following a share sale by existing investors announced this week, CNBC has learned.

SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from insiders at $560 a share, according to multiple people familiar with the deal — increasing the company’s valuation to $100.3 billion. The company did not raise new capital at this time, sources said, with the purchase offer representing a secondary sale of existing shares.

The new share price is an increase of 33% from SpaceX’s last valuation of $74 billion at $419.99 a share in February, when the company raised nearly $1.2 billion. The company had a similar secondary transaction in February, with a deal for insiders to sell up to $750 million at the time.

SpaceX is doubling the size of its fleet of astronaut-carrying spacecraft — as well as doubling the number of cargo-carrying ones — according to officials who spoke during a briefing ahead of the space company’s next crewed mission later this month.

It’s a significant expansion that will widen SpaceX’s already sizeable head start over the competition.

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Not all private space players make as much noise as Musk, Bezos, and Branson.

It may get less coverage than SpaceX and Virgin Galactic, but Space Adventures has helped a huge number of people get to space.

SpaceX is about to double the size of its fleet of Crew Dragon spaceships. The company is debuting a new spacecraft for a NASA launch later this month, and is building a fourth human-rated capsule that should be ready for flight early next year, a SpaceX official said Wednesday.

Sarah Walker, director of SpaceX’s Dragon mission management office, confirmed Wednesday the company is readying a fourth Crew Dragon spacecraft for an inaugural flight next year. SpaceX and NASA officials previously announced that the next NASA crew mission, known as Crew-3, scheduled for liftoff Oct. 30 will use a new vehicle.

“It’s really exciting to introduce another Crew Dragon to our fleet to support our human spaceflight manifest,” Walker said. “We’ve got another one in the production line now. It should be ready in the spring to support more human spaceflight missions.”

A versatile robot inspired by birds can walk, balance on a slackline, skateboard and even fly – a mix of skills that could be useful for monitoring power lines or space exploration.

When it surfaced two months ago, the notion of Teslas whizzing through underground tunnels between San Antonio International Airport and downtown seemed fanciful.

Now, there’s a sign the idea may have gained some traction.

The Boring Co., a tunneling firm backed by billionaire Elon Musk, has been talking to local leaders about building an underground transportation loop in San Antonio. Musk is the CEO of electric-vehicle maker Tesla, as well as the founder and CEO of SpaceX.

Today, Blue Origin announced actor William Shatner and Audrey Powers, Blue Origin’s Vice President of Mission & Flight Operations, will fly on board New Shepard NS-18. They will join crewmates Chris Boshuizen and Glen de Vries for the flight which lifts off from Launch Site One on October 12.

Starship, SpaceX’s under-development rocket, braved the elements during an impressive lightning display.

Elon Musk’s robotic humanoid the Tesla Bot was recently revealed at AI day, how will this help with the SpaceX mission to colonize Mars? Let’s review all of the news and updates around the Tesla Bot, and how it will help with the SpaceX mission to colonize Mars.

Last Video: How SpaceX and NASA Plan To Colonize The Moon!
https://youtu.be/ONWQbcPNYFs.

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