Tesla Motors Inc (TSLA) founder’s SpaceX Got Investment of $1 billion From … – Benchmark Monitor

Google Inc (NASDAQ:GOOGL) and Fidelity are investing $ 1 billion in the Tesla Motors Inc (NASDAQ:TSLA) founder’s space technology company, in a move that gives Elon Musk’s SpaceX a $ 10 billion valuation. The potential investment gives Google Inc (GOOGL) and Fidelity, a 10 percent of Space Exploration Technologies, SpaceX, which is Tesla Motors Inc (TSLA) Musk’s company for developing space technology, including the rockets and now satellites. It’s been said by Google (GOOG) that it has a share of 7.5% in SpaceX. On Tuesday through a a short statement posted on SpaceX website confirmed about the investment. The statement quotes that the funding will be used to help the ongoing innovation in the areas of space transport, reusability and satellite manufacturing, while Google (GOOG) released its own statement on Tuesday saying that, the space-based applications like imaging satellites would help the people to access the important information more easily, so they are excited to su
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