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This article was published on January 20, 2015

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
Owen Williams
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Owen Williams

Former TNW employee

Owen was a reporter for TNW based in Amsterdam, now a full-time freelance writer and consultant helping technology companies make their word Owen was a reporter for TNW based in Amsterdam, now a full-time freelance writer and consultant helping technology companies make their words friendlier. In his spare time he codes, writes newsletters and cycles around the city.

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

➤ Financing Round [SpaceX News]