Silicon Alley Insider first reported the funding.
SpaceX is currently developing a squadron of launch vehicles, which it says will ultimately reduce the cost and increase the reliability of space access significantly.
Musk has long said that the combination of a newly emerging market for private space travel with commercial space transport is inevitable—and that SpaceX aims to be at the front of any “re-ignition” of efforts to explore and develop space.
As such, the Hawthorne, Calif.-based company has created two launch vehicles so far, the Falcon 1 and the Falcon 9, and patented its own rocket engines, the Kestrel, Merlin and Draco.
Founded in 2002, the company now tests its products from a launching site in the Marshall Islands and has collaborated with NASA on several occasions, including scoring $1.6 billion to resupply the International Space Station once the Space Shuttle is retired in 2011, and $500 million to launch iridium satellites via its Falcon 9.
The founder of PayPal and CEO of electric car maker Tesla—which lost around $35 million dollars in the third quarter, a seven-fold increase from the same period last year—apparently has found more interest from investors looking to get a slice of that public and private interest in space exploration.
“Existing investors expressed an interest in making an incremental investment and we accommodated their request,” a company spokesperson told SAI.
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