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 company.