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Commercialization

Google and Fidelity Invest $1 Billion in SpaceX

By Marc Boucher
January 20, 2015
Filed under
Google and Fidelity Invest $1 Billion in SpaceX

It’s Early Days in 2015 But SpaceX is Starting at Light Speed with a Satellite Constellation and Possible Google Investment [Updated], SpaceRef Business
Marc’s note: Updating my story from yesterday, SpaceX this evening issued the following statement.
“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.”

With this new investment, SpaceX is now valued at over $10 billion. A nice way to start the year even if their Autonomous Spaceport Drone Ship suffered some damage from that spectacular crash landing earlier this month by the Falcon 9 first stage recovery attempt.

SpaceRef co-founder, entrepreneur, writer, podcaster, nature lover and deep thinker.