2010-11-10

Investors Throw Another $50 Million Into SpaceX

Investors just love to give money to Elon Musk. The billionaire behind electric car manufacturer Tesla Motors, which has raised more than $800 million to date, just raised another $50 million for his other swing-for-the-fences company, SpaceX. According to an SEC filing, SpaceX raised $50.2 million on October 28. Jay Yarrow at Silicon Alley Insider first reported the funding, which came from existing investors. (Musk, Draper Fisher Jurvetson, and the Founders Fund are the biggest investors). This latest funding brings the total capital put into SpaceX to $200 million, which is a lot for a startup, but really not that much for building a rocket company. Many billions have been wasted on efforts to get to space more cheaply than currently possible. And it's only a quarter of the capital investors have put into Musk's electric car venture.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/rxw_nl2ecPw/

JDA SOFTWARE GROUP JACK HENRY and ASSOCIATES IXYS ITRON IRON MOUNTAIN INORATED

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