I would imagine the initial funding does not include the cost of the rocket. The risk of this effort is not in the trans-lunar stage. Reliable solutions for that can be purchased off the shelf. A seed-stage company needs to prove out the custom tech required for its own application, then if there's a business case what they're doing in the first place they can go raise additional funding at a higher valuation to cover the cost of launch. No reason to suffer many times more dilution on that now.