The mission aims to put 60 Starlink satellites into orbit. If successful at its next launch opportunity, it will expand SpaceX's fleet of broadband relay satellites to include over 1,200 (some of them are prototypes that are no longer in service).
The Starlink project seeks to provide affordable access to broadband Internet connection across the world.
Earlier in February, SpaceX reportedly completed an equity funding round of $850 million (roughly Rs. 6,190 crore) that sent its valuation to about $74 billion (roughly Rs. 5,39,000 crore).
SpaceX raised the funds at $419.99 (roughly Rs. 30,600) a share and the latest funding round represents a jump of about 60 percent in the company's valuation from its previous raise, which valued it at $46 billion (roughly Rs. 3,35,000 crores), as per the report.
A prototype of SpaceX's Starship rocket, the SN9, exploded earlier in February during a landing attempt after a high-altitude test launch in a repeat of an accident that destroyed a previous test rocket.