It’s official: Google has invested in SpaceX as part of a new $1 billion round

It’s official: Google has invested in SpaceX as part of a new $1 billion round

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.

Another conference. “Great.”

This one’s different, trust us. Our new event for New York is focused on quality, not quantity.

SpaceX says that Google and Fidelity now collectively own just under 10% of the company.

➀ Financing Round [SpaceX News]

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