SpaceX Raises $50 Million

Posted Nov 9, 2010

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]