Fidelity Raises Estimate of SpaceX Stake | SpaceNews.com
Fidelity has written up its investment in the company by 15 percent in one fund that holds company shares, and by a similar amount in another fund.
Fidelity participated in a $1 billion round in the company earlier this year led by Google.
Fidelity’s decision to write up its value of SpaceX comes as it was writing down its stakes in other technology companies, like Snapchat. [DCInno / Fortune]
Sourced through Scoop.it from: spacenews.com