Together, Google & Fidelity Now Own Almost 10% of SpaceX After $1 Billion Funding Round

By: | January 21st, 2015

Already garnering four major investors, SpaceX has now received two more in Google and Fidelity, who invested a collective $1 billion in Elon Musk’s company.

In fact, Google and Fidelity now own approximately 10% of SpaceX combined as the two companies look to help Musk bring Internet access to everyone in the world.

The satellite Internet initiative is working to bring Internet access to 3 billion people who, at the moment, either have little or no Internet connectivity. The satellites will be able to transfer data extremely fast, something Musk plans on molding into a potential Mars Internet connection.

However, that ambitious goal may be far out for now because it will be a few years before everyone on Earth has Internet access, let alone a colony on Mars.

Musk told Bloomberg, “People should not expect this to be active sooner than five years.”

Marshall Smith

Technology, engineering, and design enthusiast.

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