It sounds like the company’s fortunes continue to improve. Founded in 2002 by PayPal co-founder Elon Musk, who serves as CEO for both the Hawthorne, Calif., company and electric car maker Tesla, SpaceX really started proving itself last year when it finally launched a rocket into space after three failed attempts.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":111558,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"B"}']Musk initially invested $100 million of his own money into the company. SpaceX also raised $20 million from the Founders Fund (a firm run by PayPal co-founders) last year.
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SocalTech reported on the funding back in April, but DFJ only recently confirmed the news. I’ve emailed SpaceX (which didn’t comment for the VentureWire story), and will update if I hear back.
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