Google and Fidelity Gain Under 10 Percent in SpaceX Via $1 Billion Investment

Google and Fidelity Gain Under 10 Percent in SpaceX With $1 Billion Investment

Yesterday saw Tesla co-founder Elon Musk announce that his SpaceX startup picked $1 billion in funding. This round was led by Google and Fidelity.

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One of the main goals of SpaceX is the eventual colonization of Mars, something that has been talked about years. In the twelve years SpaceX has been active, it has powered forward in space exploration with several impressive firsts involving their Dragon spacecraft.

Google and Fidelity delivered the combined $1 billion which gives them less that 10 percent stake in the company. It’s been reported by the Wall Street Journal that Google planned to invest $10 billion in SpaceX. Google’s interest in SpaceX is said to fall in line with the possible benefit the company could have to Google’s goals of making internet far more accessible around the world. 

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According to SpaceX’s statement on the investment round, Google and Fidelity will join the company of investors such as Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn.

 


Starting with Kabir News in 2013, James has focused on tech, gaming, and entertainment. When not writing, he enjoys catching up on sci-fi and horror shows and comics. He can be followed on Twitter @MetalSwift.

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