SpaceX Falcon 9 lifts off with a Dragon resupply ship on April 2, 2018. (Credit: NASA)

by Douglas Messier
Managing Editor

SpaceX received $500 million of the nearly $1 billion in investment raised by commercial space companies during the first quarter of 2018, according to the Space Investment Quarterly report from Space Angels.

“SpaceX shows no signs of slowing down—after the inaugural flight of the Falcon Heavy, the company secured $500 million from Fidelity Investments to drive development of their satellite communications network, Starlink,” the report added.

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Some news from Japan about SpaceX: Japanese materials maker Toray Industries has agreed to supply carbon fiber to U.S. startup SpaceX for use in the bodies of rockets and space vehicles. The multiyear deal with Tesla founder Elon Musk’s 14-year-old venture is estimated to be worth 200 billion yen to 300 billion yen ($1.99 billion to $2.98 billion) in total. The two sides are aiming to finalize the agreement this […]