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Google, Fidelity invest $1 billion in SpaceX and satellite Internet plan

SpaceX confirmed that it had received $1 billion in funding from Google and Fidelity Investments. The two companies will together own slightly less than 10 percent of the company. “This funding will be used to support continued innovation in the areas of space transport, reusability, and satellite manufacturing,” SpaceX said in a short statement on its website.

via Google, Fidelity invest $1 billion in SpaceX and satellite Internet plan [Updated] | Ars Technica.

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