Space Exploration Technologies (SpaceX), which designs, manufactures and launches advanced rockets and spacecraft, has raised $1 billion in new VC funding from Google and Fidelity, bringing the company's valuation to over $10 billion. Capital from the financing will be used to support continued innovation in the areas of space transport, reusability and satellite manufacturing. Prior to the new funding, the company had raised over $240 million in VC, grabbing a reported valuation of $5 billion with its $30 million raise in late 2012. Existing investors include Founders Fund, Draper Fisher Jurvetson and Valor Equity Partners. The company recently announced plans to create its own satellite Internet system (which could eventually include some 4,000 satellites) in order to provide high connection speeds to everyone. SpaceX also reportedly has plans for around 17 launches in 2015, already completing a resupply mission to the International Space Station.