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Monday, 22 November 2010

Investors throw another 50 million in SpaceX

Investors like to simply give money to Elon Musk. Billionaire behind the manufacturer of electric car Tesla Motors, which has garnered more than $800 million so far, raised only $ 50 million for its another company fencing swing, SpaceX. According to an SEC filing, SpaceX has collected $ 50.2 million on October 28. Jay Yarrow at Silicon Alley Insider first reported the funding came from existing investors. (Musk, Draper Fisher Jurvetson and Founders Fund are the biggest investors).

This latest funding brings the total of the SpaceX funds of $ 200 million is great for a start, but for the construction of a rocket society really no more.Billions were wasted on efforts to get to space cheaper than currently possible.Et it is only a quarter of the capital, investors have developed musk electric car company.

With NASA in search of an alternative for the ageing of the space shuttle, perhaps investors believe that SpaceX has a shot at some of the company, providing mainly futures.Il missions and the international space station has no proven in space, other than Government and launching of satellites in Earth orbit basse.Cours contracts business model have new markets in the area is certainly a piece of theatre in the long term, and I guess is that it will take much more infusions of capital to get to where Musk wants to go.

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