SpaceX Looking To Raise $60 Million Round of Funding


Space Exploration Technologies Corporation (SpaceX) is a space transportation companies that was started by PayPal co-founder Elon Musk.  SpaceX is building reusable space launch vehicles called the Falcon 1 and the Falcon 9 along with a Dragon series of vehicles.

The company started in 2002 and employs about 800 people.  Musk himself put $100 million in seed funding for the company.  After that the company raised $20 million in Series A from The Founders Fund.  The company is now pursuing an additional $60 million additional round.  DFJ put in about $15 million of the new round.

Last year SpaceX launched a rocket into space after failing three times.  Now SpaceX is being hired by aerospace companies and the government to launch satellites.

[via VentureBeat]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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