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SpaceX Confirms Acquisition of APR Assets for About $1 Billion

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SpaceX acquired the assets of APR for about $1 billion, confirmed by a Federal Trade Commission notice filed May 14 stating that Elon Musk bought APR. After signs the APR offices were inactive, Musk’s X post on Aug. 29 indicated SpaceX had purchased the assets. APR had previously been taken private by investors and later sold to Fortress, which then transferred the assets.

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