Google’s SpaceX deal cost it $900 million.
It’s been three weeks since SpaceX confirmed its $1 billion funding round led by Google and Fidelity. At the time, SpaceX said, “Google and Fidelity will collectively own just under 10% of the company.”
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1658994,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"B"}']A recent SEC filing from Google reveals just how much capital the company dropped on the deal: $900 million, confirming earlier reports.
More, from Google’s SEC filing:
AI Weekly
The must-read newsletter for AI and Big Data industry written by Khari Johnson, Kyle Wiggers, and Seth Colaner.
Included with VentureBeat Insider and VentureBeat VIP memberships.
On January 20, 2015, we invested $900 million in SpaceX, a space exploration and space transport company, to support continued innovation in the areas of space transport, reusability, and satellite manufacturing. We are currently evaluating the transaction and its impact on our financial statements.
According to the Wall Street Journal, Google fueled all but $100 million of SpaceX’s $1 billion round for a 7.5 percent stake in the company.
Via: Om Malik
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Learn More