SpaceX Raises $50 Million

Space Exploration Technologies Corp. (SpaceX), the American space transport company founded by PayPal co-founder Elon Musk has raised $50 million according to an SEC filing. “Existing investors expressed an interest in making an incremental investment and we accommodated their request,” stated a company representative. This puts SpaceX at a total of $200 million. Previous investors include Elon Musk, Draper Fisher Jurvetson, and the Founders Fund. [BusinessInsider]

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