SpaceX Receives $20 Million Investment from Founders Fund

SpaceX, a privately-held space launch services provider, has received a $20 million equity investment from Founders Fund, a leading technology venture capital firm, headquartered in San Francisco.

SpaceX joins Founders Fund’s existing portfolio, which includes Facebook, Powerset, Slide and Quantcast. Managing Partner Luke Nosek will join the SpaceX board as part of the financing.

“Founders Fund has a track record of investing in companies with the potential to revolutionize industries.  We are pleased to be included in their portfolio and welcome Luke Nosek to our Board,” said Elon Musk, CEO and CTO, SpaceX. “Founders Fund shares the SpaceX vision of creating a world-class company that will shape the future through technological innovation.”

“We believe SpaceX will become the world leader in space transport and we want our investors to be part of that future,” said Luke Nosek, Managing Partner of Founders Fund. “Having reviewed their technology, outstanding engineering & business talent and the infrastructure they have built, we are highly confident in the future of the company.”