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News Link • Space Travel and Exploration

SpaceX Raises Another $50 Million to Build Private Spacecraft


WASHINGTON — Rocket maker and NASA commercial spaceflight hopeful Space Exploration Technologies (SpaceX) has raised $50.19 million in new equity financing from 16 investors, according to a Nov. 9 filing with the U.S. Securities and Exchange Commission.

The investors were not named in the filing, and SpaceX spokeswoman Kirstin Brost would only identify them as existing shareholders. "Our existing investors are bullish on the future of SpaceX and asked if they could invest more," Brost said via e-mail Nov. 10.

Musk, SpaceX's founder and chief executive, is the company's largest shareholder. Other shareholders include fellow PayPal co-founder Luke Nosek, managing partner of the Founders Fund of San Francisco, and venture capitalist Steve Jurveston of Menlo Park, Calif.-based Draper Fisher Jurveston. [Gallery: SpaceX's Falcon Rockets and Dragon Spaceships]

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