It’s official: Google has invested in SpaceX as part of a new $1 billion round
Jan20
SpaceX today confirmed that Google and Fidelity have invested $1 billion into the company, hot on the heels of Elon Musk sharing last week that the company is working on the internet for space. The investment means SpaceX is now valued at around $10 billion. The Information reported earlier today that the purpose of the deal is to bolster the company’s micro-satellite efforts. SpaceX is still in the early stages of developing advanced micro-satellites operating in large formations. Announcement in 2 to 3 months. — Elon Musk (@elonmusk) November 11, 2014 SpaceX says that Google and Fidelity now collectively own just under 10% of the…
This story continues at The Next Web