SpaceX Confirms $1 Billion in Financing From Google and Fidelity

SpaceX Confirms $1 Billion in Financing From Google and Fidelity

Posted by · 7635 views · Translate
SpaceX has announced that it's raised a billion dollars in financing from Google and Fidelity confirming an earlier report from The Information.

Space Exploration Technologies (SpaceX) has raised a billion dollars in a financing round with two new investors, Google and Fidelity. They join existing investors Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn. Google and Fidelity will collectively own just under 10% of the company.

SpaceX designs, manufactures, and launches the world's most advanced rockets and spacecraft. This funding will be used to support continued innovation in the areas of space transport, reusability, and satellite manufacturing.


Google's investment in SpaceX is reportedly to support its plan of delivering micro satellites into a low orbit around the globe, providing internet to rural and developing areas. SpaceX CEO Elon Musk and former Google executive Greg Wyler are said to have formulated a plan that involves sending up around 700 satellites weighing less than 250 lbs each.

Please follow iClarified on Twitter, Facebook, Google+, or RSS for updates.

Read More


SpaceX Confirms $1 Billion in Financing From Google and Fidelity
Noname - January 23, 2015 at 8:41am
Lmfao... That's funny.. It's like asking why do we use the sign and the symbol for addition... Haha...
Bhatutta - January 21, 2015 at 8:23am
250 lbs? wadafak? common it's 2015. why are we still measuring weight in lbs?
Butterspider - January 21, 2015 at 11:13am
Because that's what the USA uses....
Recent