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  SpaceX raises $1 billion from Google and Fidelity

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Author Topic:   SpaceX raises $1 billion from Google and Fidelity
Robert Pearlman
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Posts: 31466
From: Houston, TX
Registered: Nov 1999

posted 01-20-2015 04:12 PM     Click Here to See the Profile for Robert Pearlman   Click Here to Email Robert Pearlman     Edit/Delete Message   Reply w/Quote
SpaceX release
Financing Round

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.

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
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Posts: 925
From: UK
Registered: Apr 2005

posted 01-21-2015 11:25 AM     Click Here to See the Profile for issman1     Edit/Delete Message   Reply w/Quote
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
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Posts: 203
From: Greensboro, NC USA
Registered: Aug 2012

posted 01-21-2015 01:11 PM     Click Here to See the Profile for lspooz   Click Here to Email lspooz     Edit/Delete Message   Reply w/Quote
I'm patiently waiting for SpaceX to offer stock...

Robert Pearlman
Editor

Posts: 31466
From: Houston, TX
Registered: Nov 1999

posted 01-21-2015 01:20 PM     Click Here to See the Profile for Robert Pearlman   Click Here to Email Robert Pearlman     Edit/Delete Message   Reply w/Quote
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
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Posts: 480
From: Texas * Earth
Registered: Apr 2011

posted 01-23-2015 05:07 PM     Click Here to See the Profile for Cozmosis22     Edit/Delete Message   Reply w/Quote
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: 31466
From: Houston, TX
Registered: Nov 1999

posted 01-23-2015 05:52 PM     Click Here to See the Profile for Robert Pearlman   Click Here to Email Robert Pearlman     Edit/Delete Message   Reply w/Quote
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: 480
From: Texas * Earth
Registered: Apr 2011

posted 01-26-2015 04:28 PM     Click Here to See the Profile for Cozmosis22     Edit/Delete Message   Reply w/Quote
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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