Google and Fidelity invest in Elon Musk's SpaceX
SpaceX says it has raised $1 billion and added Google Inc. and Fidelity as investors.
The California company, founded by billionaire Elon Musk, says the Internet search giant and financial services company together will own just under 10 percent of the business.
SpaceX designs and makes rockets and spacecraft. It was founded in 2002 with the ultimate goal of enabling people to live on other planets.
Its spacecraft has been used to deliver goods to the International Space Station.
Space Exploration Technologies says it plans to use the funds from its latest financing round to continue innovation.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Fundraiser raises thousands to send fallen officer's family to Washington Memorial
Family struggling to bury loved one as Christmas nears
Students sent home after reported threat at Baker school
Video shows middle school student's violent run-in with police
Holiday Mocktails: Drinks to help you stay sober this season