Tuesday, January 20, 2015

SpaceX Raises $1 Billion From Google, Fidelity

Hawthorne, California-based SpaceX, the Los Angeles area commercial rocket and spacecraft developer led by Elon Musk, announced Tuesday afternoon that it has raised a billion dollars in a financing round. The funding came from Google, Fidelity, as well as existing investors Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn. SpaceX said the deal gives Google and Fidelity just under 10 percent ownership of the company. SpaceX said the new funds will go towards continued innovation in the areas of space transport, reusability, and satellite manufacturing. More information »

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