Tuesday, January 20, 2015

SpaceX Raises $1Billion from Google and Fidelity

Space Exploration Technologies (SpaceX) raised $1 billion in funding from new investors, Google and Fidelity.  The funding will support SpaceX's continued innovation in the areas of space transport, reusability, and satellite manufacturing.

Existing investors include Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn. Google and Fidelity will collectively own just under 10% of the company.



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