SpaceX raises $1 billion from Google and Fidelity

Hawthorne, California – Space Exploration Technologies (SpaceX) has raised a billion dollars in a financing round with two new investors, Google and Fidelity. They join existing investors Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn. Google and Fidelity will collectively own just under 10% of the company. 

 

This funding will be used to support continued innovation in the areas of space transport, reusability, and satellite manufacturing.

 

The Air Force and SpaceX have reached agreement on a path forward for the Evolved Expendable Launch Vehicle (EELV) program that improves the competitive landscape and achieves mission assurance for national security space launches. 

 

Under the agreement, the Air Force will work collaboratively with SpaceX to complete the certification process in an efficient and expedient manner. This collaborative effort will inform the SECAF directed review of the new entrant certification process. 

 

The Air Force also has expanded the number of competitive opportunities for launch services under the EELV program while honoring existing contractual obligations. Going forward, the Air Force will conduct competitions consistent with the emergence of multiple certified providers. Per the settlement, SpaceX will dismiss its claims relating to the EELV block buy contract pending in the United States Court of Federal Claims.

 

Source: SpaceX