SpaceX Receives $50,000,000 New Financing

  • Feed Type
  • Date
    10/28/2010
  • Company Name
    SpaceX
  • Mailing Address
    1 Rocket Rd. Hawthorne, CA 90250
  • Company Description
    Our company is based on the philosophy that simplicity, low-cost, and reliability can go hand in hand. By eliminating the traditional layers of management, internally, and sub-contractors, externally, we reduce our costs while speeding decision making and delivery. Likewise, by keeping the vast majority of manufacturing in house, we reduce our costs, keep tighter control of quality, and ensure a tight feedback loop between the design and manufacturing teams. And by focusing on simple, proven designs with a primary focus on reliability, we reduce the costs associated with complex systems operating at the margin.
  • Website
    http://www.spacex.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $50,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes were not disclosed. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed

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