SpaceX Gets New Funding

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This came in via Spotbeam California, an e-publication of the California Space Authority. SpaceX founder Elon Musk is an industry rock star.


SpaceX Gets New Financing

(Original Source: PE Hub) Rocket aficionado Steve Jurvetson and his DFJ partners have agreed to lead a major investment in space transportation provider SpaceX. The round could be worth upwards of $60 million, and would include existing SpaceX backer Founders Fund. Jurvetson declined to discuss the specifics of SpaceX's financing. Regulatory filings show the company had raised $15 million toward a proposed $60 million round as recently as March. Jurvetson says that the round has either closed already or will close within the next 14 days. The Hawthorne.-based company has raised $112 million in funding since 2002, according to regulatory filings. Most of that financing has come directly from SpaceX CEO Elon Musk, who holds the title of CEO, CTO and founder of the company. (6/25)

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This page contains a single entry by Muhammed El-Hasan published on June 29, 2009 6:07 PM.

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Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

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Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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