The private space tech maker confirmed on Tuesday that it has raised another $1 billion in venture capital.
That reportedly pegs the Elon Musk-helmed business with a roughly $10 billion valuation, according to the Wall Street Journal.
SpaceX specified in a brief statement on Tuesday that it would be using the funding for "continued innovation in the areas of space transport, reusability, and satellite manufacturing."
That memo also revealed two new high-profile backers: Google and Fidelity, which together will own "just under 10 percent" of SpaceX.
The Internet giant and global financial services firm, respectively, join existing investors Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn.
Although once thought as perhaps just a pipe dream, Musk announced via Twitter earlier this month that he would be working on the development of his Hyperloop proposal for supersonic-like high-speed rail transportation.