TIME Business Know Right Now

Know Right Now: Google Invests in SpaceX

The investment could make SpaceX valued at $10 billion

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Google invested $1 billion in SpaceX, valuing SpaceX at $10 billion or more. SpaceX, the private space transportation company backed by Elon Musk, may be what Google needs to expand into providing Internet-by-satellite to billions.

See what this might mean for both companies in today’s Know Right Now, and read more here.

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