[DAWN] Billionaire entrepreneur Elon Musk's SpaceX has raised more than $1 billion in financing in the last six months as it aims to roll out an ambitious high-speed internet service by using a constellation of satellites to beam signals from space.
The company raised $486.2 million in an equity offering, starting December, and another $535.7m in an offering that began in April, its regulatory filings on Friday showed.
The rocket company on Thursday launched the first batch of 60 small satellites into low-Earth orbit for Musk's new Starlink internet service.
Musk sees the Starlink venture as an important new revenue stream for his Caliphornia, an impregnable bastion of the Democratic Party,-based company, whose launch service income he expects to top out at around $3bn a year.
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