21-01-2015 05:03 via uk.news.yahoo.com

SpaceX raises $1 billion in funding from Google, Fidelity

(Reuters) - Space Exploration Technologies (SpaceX), founded by Elon Musk, said it has raised about $1 billion (0.65 billion pounds) in a financing round with two new investors, Google Inc and Fidelity. Google and Fidelity will collectively own just under 10 percent of SpaceX, the company said in a statement on Tuesday. SpaceX said the funding will help it continue research in space transport, reusability, and satellite manufacturing. Google and Fidelity join existing investors Draper Fisher Jur
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