SpaceX Raises $1BN in Financing Round

According to a note (read here), Space Exploration Technologies (SpaceX), a Hawthorne, CA-based space startup , raised $1bn in financing round.

Backers included two new investors, Google (GOOG) and Fidelity, which will collectively own just under 10% of the company. They joined existing investors Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn.

The company intends to use the funds for continued innovation in the areas of space transport, reusability, and satellite manufacturing.

Founded in 2002 by Elon Musk, SpaceX designs, manufactures, and launches advanced rockets and spacecraft. The company has launch facilities at Cape Canaveral Air Force Station, Florida, and Vandenberg Air Force Base, California; a rocket-development facility in McGregor, Texas; and offices in Houston, Texas; Chantilly, Virginia; and Washington, DC.  In May 2012, its Dragon spacecraft attached to the International Space Station, exchanged cargo payloads, and returned to Earth. Since then, Dragon has delivered cargo to and from the space station multiple times, providing regular cargo resupply missions for NASA.

SpaceX, which has more than 3,000 employees, is still hiring.

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