TheDeal.com reports some good news for SpaceX:
Serial entrepreneur Elon Musk has drawn in Draper Fisher Jurvetson to lead a $60 million round in rocket startup Space Exploration Technologies Corp., or SpaceX, according to peHUB. SpaceX has yet to confirm the investment, but peHUB received the scoop directly from DFJ partner Steve Jurvetson, who evidently spoke candidly about the funding and his passion for rocketry…
As for SpaceX, it has raised more than $112 million since 2002 mostly from Musk and the Founders Fund. The Hawthorne, Calif.-based company, which launches satellites into space, reportedly is profitable thanks to the economics of the industry, where it is customary for clients to pay for a launch upfront. SpaceX has a $278 million contract from NASA to provide launch services when the Space Shuttle is retired next year.
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