AP
AP
Google and Fidelity are investing $1 billion in Elon Musk’s Space Exploration Technologies, and will own just shy of 10% of the company.
These investors join other investors Founders Fund, Draper Fisher Jurvetson, Valor Equity and Capricon, says SpaceX.
The investment was widely anticipated as news broke of the talks over the holiday weekend. But SpaceX confirmed it just now. Google has long expressed interested in finding more ways to use aeronautics to allow the Internet to extend more broadly around the globe. Google’s business model – mining personal data that can be sold to advertisers – hinges on widespread availability of the Internet.