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Author
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Topic: SpaceX raises $1 billion from Google and Fidelity
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Robert Pearlman
Editor Posts: 42988
From: Houston, TX
Registered: Nov 1999
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posted 01-20-2015 04:12 PM
   
SpaceX release Financing RoundSpace 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. SpaceX designs, manufactures, and launches the world's most advanced rockets and spacecraft. This funding will be used to support continued innovation in the areas of space transport, reusability, and satellite manufacturing. |
issman1
Member Posts: 1042
From: UK
Registered: Apr 2005
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posted 01-21-2015 11:25 AM
It's the wave of the future for spaceflight. But with a mega-corporation like Google buying a stake in SpaceX, will they be a sleeping partner or have a say in things? |
lspooz
Member Posts: 384
From: Greensboro, NC USA
Registered: Aug 2012
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posted 01-21-2015 01:11 PM
I'm patiently waiting for SpaceX to offer stock... |
Robert Pearlman
Editor Posts: 42988
From: Houston, TX
Registered: Nov 1999
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posted 01-21-2015 01:20 PM
It is good that you are patient because you may be waiting a very long time. Elon Musk previously said: No near term plans to IPO SpaceX. Only possible in very long term when Mars Colonial Transporter is flying regularly. |
Cozmosis22
Member Posts: 968
From: Texas * Earth
Registered: Apr 2011
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posted 01-23-2015 05:07 PM
Fully expect Google to gobble up SpaceX in the not so distant future. They will make Mr. Musk an offer he cannot refuse and he will move on to his next pet project. |
Robert Pearlman
Editor Posts: 42988
From: Houston, TX
Registered: Nov 1999
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posted 01-23-2015 05:52 PM
Anything is possible, though I think you're misreading Google's interest. I don't think Google has any designs to become a rocket and satellite company — yes, they've dipped their toe in by sponsoring the Lunar X PRIZE and investing in Space Adventures — but in terms of this deal, it seems fairly clear that their interest is in the end product, global satellite internet service. Further, Google brings to SpaceX something that is arguably more important than money, and that is a share in the radio spectrum that SpaceX needs for its satellite plans to work. Had Google really been interested in running with it on their own, they wouldn't need SpaceX. The rockets are reproducible; the spectrum is finite. |
Cozmosis22
Member Posts: 968
From: Texas * Earth
Registered: Apr 2011
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posted 01-26-2015 04:28 PM
quote:
Originally posted by Robert Pearlman:
...it seems fairly clear that their interest is in the end product, global satellite internet service.
Once they realize the need for on-demand guaranteed access to space for that global system to work, googleSkynet will acquire it's own launch capabilities. It seems only a matter of time. They apparently have unlimited funding so that is not an issue; and governments don't appear ready to stand in the way of a monopolistic power grab like that. Then again, could be that have read too much science fiction.  |
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