Science Focus
original post »Update: SpaceX confirmed that it had received $1 billion in funding from Google and Fidelity Investments. The two companies will together own slightly less than 10 percent of the company. "This funding will be used to support continued innovation in the areas of space transport, reusability, and satellite manufacturing," SpaceX said in a short statement on its website.
Speaking to Ars, a Google spokesperson added, “Space-based applications, like imaging satellites, can help people more easily access important information, so we’re excited to support SpaceX’s growth as it develops new launch technologies.”
Ars has contacted Fidelity for a statement and will update if we receive a response.
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