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Google in talks to invest in SpaceX - report

2015-01-20 08:47:00| Telecompaper Headlines

(Telecompaper) Google is close to investing in rocket maker SpaceX, several people familiar with the talks told The Information. The purpose of a deal, which is still in the works, is to support the development of SpaceX satellites that could beam low-cost internet around the globe. The price and terms Google and SpaceX are discussing were not known, although one person familiar with them said Google had agreed to value SpaceX at more than USD 10 billion and that the size of the total round, which includes other investors, is very large. SpaceX's investors include Founders Fund, Draper Fisher Jurvetson and Valor Equity Partners. The company, which has been developing rockets to lower the cost of space travel, hasn't raised a primary round of funding in several years.

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