Friday , 22 June 2018
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SpaceX raises $1B from Google & Fidelity, valuing company at over $10B

SpaceX raises $1B from Google & Fidelity, valuing company at over $10B

SpaceX's Falcon9R rocket hovers above Texas.

SpaceX's Falcon9R rocket hovers above Texas.

Above: SpaceX’s Falcon9R rocket hovers above Texas.

Image Credit: SpaceX / YouTube

Today SpaceX confirmed a new $1 billion funding round led by Google and Fidelity. Collectively, SpaceX says, Google and Fidelity will own “just under 10% of the company.”

The deal values SpaceX at over $10 billion, confirming earlier rumors.

Here’s SpaceX’s announcement, in full:

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.

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