Space Exploration Technologies, which had previously raised about $250m, will use the cash for satellite-based internet technology.
US-based Space Exploration Technologies (SpaceX), first private company to launch a spacecraft into orbit, confirmed yesterday it has secured $1bn in funding from internet company Google and financial services firm Fidelity.
SpaceX revealed the funding, raised at a valuation of more than $10bn, after initial reports of the investment appeared in The Information and the Wall Street Journal.
Founded in 2002 by Elon Musk, SpaceX, launched first spacecraft into orbit in 2009. It plans to eventually send manned flights to…
