Google, Fidelity invest in Elon Musk's SpaceX

SHARE Google, Fidelity invest in Elon Musk's SpaceX
Space_Station_Newm_1.jpg

Elon Musk, CEO of SpaceX | AP file photo

SpaceX says it has raised $1 billion and added Google Inc. and Fidelity as investors.

The California company, founded by billionaire Elon Musk, says the Internet search giant and financial services company together will own just under 10 percent of the business.

SpaceX designs and makes rockets and spacecraft. It was founded in 2002 with the ultimate goal of enabling people to live on other planets.

Its spacecraft has been used to deliver goods to the International Space Station.

Space Exploration Technologies says it plans to use the funds from its latest financing round to continue innovation.

The Latest
He’s destroying property and setting a bad example for the children with his tantrums, and his wife wants out.
Agnieszka Rydzewski is charged with soliciting the murder of Arturo Cantu, who was allegedly gunned down earlier this week by Anthony Calderon in the southwest suburban love triangle.
Bulls PR confirmed an ESPN report Saturday that Unseld Jr. was set to join the coaching staff. Expect the search to fill one more vacancy to continue as Billy Donovan adds big names to sit next to him.