Space Exploration Technologies Corp. (SpaceX), an American space transport company founded by PayPal co-founder Elon Musk, is launching their second test pod to the International Space Station (ISS) and bring it back again. If SpaceX succeeds, they will become one out of two commercial organizations with the ability to deliver cargo to the ISS. SpaceX is also actively working on finding ways to transport people between the station and home. [TechCrunch]

National Aeronautics and Space Administration (NASA) has invested $75 million into Space Exploration Technologies (SpaceX). SpaceX is led by CEO Elon Musk. NASA is investing in SpaceX as part of the Commercial Crew Development (CCDev2) effort. NASA’s CCDev2 effort is to accelerate the availability of space transportation to their crew as they get prepare to retire the Space Shuttle. [socaltech]

Earlier this week Space Exploration Technologies (SpaceX) has a successful Dragon space capsule launch. The Dragon is expected to be the first commercial spacecraft to make a round trip in low Earth orbit. Space.com designed an infographic that makes it easy to understand how the Dragon works. Check it out below:

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]

Late last month, the New York Times wrote an article about how Elon Musk is broke. “About four months ago, I ran out of cash,” said Elon Musk, co-founder of PayPal and the head of Tesla Motors.

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]