Spaceflight Seeks $150 Million in New Investment

Spaceflight Industries is seeking to raise a lot of money:

Seattle-based Spaceflight Industries is seeking as much as $150 million in new investment as it gets ready for a key rocket launch and a dramatic expansion of its satellite presence.

The outlines of the offering are described in documents filed today with the Securities and Exchange Commission. The filing reports that $40,656,523 worth of securities have been sold, with $110 mlllion remaining to sell. The first sale was recorded on Oct. 19, according to the filing.

This offering isn’t exactly your run-of-the-mill funding round. The filing says the total amount includes a $60 million convertible debt facility and $50 million in capital stock, the sale of which is subject to regulatory approval.

Read the full story.