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SpaceX Run By Elon Musk Aims To Raise $250mn in New Funding For Hitting $36bn Valuation

SpaceX is preparing its Crew Dragon spacecraft to fly NASA astronauts Doug Hurley and Bob Behnken to and from the space station in the first flight. The uncrewed Demo-1 mission flew in March last year

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The fundraising comes as SpaceX continues development on three important programmes: Crew Dragon, Starlink and Starship, reports CNBC. Wikimedia Commons

Elon Musk-run SpaceX is aiming to raise around $250 million in new funding that would bring the rocket launch company’s valuation to $36 billion.

The fundraising comes as SpaceX continues development on three important programmes: Crew Dragon, Starlink and Starship, reports CNBC.

The company raised $1.33 billion during 2019 and has raised more than $3 billion in funding to date.

The new round of funding could close sometime in the middle of next month.

SpaceX has received a $3.1 billion contract award as part of NASA commercial crew programme. It charges its customers nearly $60 million per launch of one of its Falcon 9 rockets and had 13 such launches in 2019.

Ahead of its launch of astronauts to the International Space Station (ISS) aboard its Crew Dragon capsule which is tentatively scheduled for May 7, SpaceX has hired a top former human spaceflight expert.

In his new role, William Gerstenmaier, the former leader of NASA’s human spaceflight programme, is reporting to SpaceX Vice President of mission assurance Hans Koenigsmann.

Elon Musk
Elon Musk-run SpaceX is aiming to raise around $250 million in new funding that would bring the rocket launch company’s valuation to $36 billion. Wikimedia Commons

SpaceX is preparing its Crew Dragon spacecraft to fly NASA astronauts Doug Hurley and Bob Behnken to and from the space station in the first flight. The uncrewed Demo-1 mission flew in March last year.

“We’re highly confident that the hardware will be ready in Q1, most likely at the end of February but no later than March. And we think it appears probable that the first crewed launch would occur in the second quarter,” said Musk after the successful uncrewed test of its Crew Dragon capsule’s in-flight launch escape capabilities last month.

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Musk said that if all goes well, the first crewed flight on the Crew Dragon could take place in the second quarter of this year. (IANS)

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Tech Billionaire Elon Musk Donates 50K N95 Surgical Masks To Hospitals in U.S.

According to the report, 50,000 masks designed to protect the health of medical personnel in the hospital were delivered to Dr Kristina Adams Waldorf

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Elon Musk
Musk has made a promise that he would donate 250,000 masks with the N95 protection level, which belong to his companies, to hospitals. Wikimedia Commons

In a bid to help battle the novel coronavirus pandemic, Tesla CEO Elon Musk has donated 50,000 N95 surgical masks and various protective items to a hospital in the US.

Musk has made a promise that he would donate 250,000 masks with the N95 protection level, which belong to his companies, to hospitals.

The University of California, Los Angeles (UCLA) Health Hospital received a truckload of various protective items, including masks and gowns from Tesla, according to tesmanian.com.

According to the report, 50,000 masks designed to protect the health of medical personnel in the hospital were delivered to Dr Kristina Adams Waldorf.

“The doctor’s friend’s brother works for Tesla, so as soon as he found out that the company was going to donate the necessary protective equipment, he said that Seattle now urgently needed them”.

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In a bid to help battle the novel coronavirus pandemic, Tesla CEO Elon Musk has donated 50,000 N95 surgical masks and various protective items to a hospital in the US. Pixabay

According to the estimates of the hospital management, the protective equipment for the staff of the institution was only left for one week.

Musk has confirmed that Tesla and SpaceX employees are “working on ventilators” even though he does not believe they will be needed.

ALSO READ: How To Stay Safe In Coronavirus- Everything You Need To Know!

The confirmation came after New York City Mayor Bill de Blasio made a direct plea to Musk to help alleviate a shortage at hospitals gearing up to combat COVID-19. (IANS)