Google Set To Invest $1 Billion Into SpaceX, Say Reports

Hawthorne-based rocketship developer SpaceX is close to getting $1 billion from Google, according to reports Monday, as Google seeks to get into the space business. The investment reportedly values SpaceX at more than $10 billion. Neither SpaceX nor Google have commented on the rumors, which were first reported by The Information. The funding reportedly will go towards funding a constellation of satellites to deliver Internet across the globe.