SpaceX has raised a new $1bn round of financing from Google and Fidelity that values Elon Musk’s rocket company at just over $10bn, it said on Tuesday.
The funding will fuel Mr Musk’s ultimate ambitions to colonise Mars, building on its current focus on reusable rockets. It will also provide capital for a new venture, building a network of communications satellites that can provide internet access to remote areas, an increasing priority for Google.
“This funding will be used to support continued innovation in the areas of space transport, reusability and satellite manufacturing,” SpaceX said in a statement.
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