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A new report this morning says that Hawthorne-based spaceship and rocket developer Space Exploration Technologies is in the midst of raising a new round of investment, which values the company at around $10 billion. Amount of funding, and the investors involved, have not been disclosed. The report came from TechCrunch. READ MORE>>.
On Funding?—?The The Denominator Effect I recently wrote a post about funding for investors to think about having a diversified portfolio , which I called “shots on goal.” If you funded 30–40 deals perhaps just 1 or 2 would drive the lion’s shares of returns. Focus a lot on the denominator. to start their next company.
Los Angeles-based rocket and spacecraft developer SpaceX has acquired Swarm Technologies, a developer of "smallsat" (small satellite) technology. Swarm had raised about $25M in total funding. Financial terms of the buy were not announced, and no details of the acquisition were announced. Swarm has a network of 120.
Hawthorne-based Space Exploration Technologies , the commercial rocket firm headed by Elon Musk, said late Wednesday that it has signed a deal with Israeli satellite firm Space Communications Ltd. , SpaceX said the launch will insert the satellite into a geosynchronous transfer orbit. READ MORE>>.
In the second satellite launch deal announced today, Hawthorne-based Space Exploration Technologies (SpaceX) and ORBCOMM said that SpaceX will carry two new satellites to orbit this year. The two said that SpaceX will launch two, ORBCOMM satellites into geosynchronous orbit, used for data communications. READ MORE>>.
Hawthorne-based Space Exploration Technologies , the commercial rocket firm of Elon Musk, has set the schedule for two upcoming satellite launches, the company announced this morning. SpaceX said that it will launch two satellites for Asia Satellite Telecommunications Company Limited (AsiaSat) in 2014, from Cape Canaveral.
Vector , a developer of micro-satellite launch systems and rocket technology whose founders came from SpaceX, said on Thursday that it has raised $21M in a Series A funding. The funding was led by Sequoia Capital, and also included Shasta Ventures and Lightspeed.
A report from the WSJ Monday morning says that Hawthorne-based Space Exploration Technologies Corp. SpaceX), the commercial space flight venture of Elon Musk, still needs more than $1 billion in funding over the next year or two, to reach its goal of transporting astronauts to the International Space Station. READ MORE>>.
Hawthorne-based SpaceX , the space rocket venture headed by Elon Musk, reported Tuesday afternoon that it has gained a contract to launch an Earth observation satellite from Astrium. SpaceX is funded by the Founders Fund, Draper Fisher Jurvetson, and Musks's personal fortune. READ MORE>>.
Hawthorne-based Space Exploration Technologies (SpaceX), the commercial rocket firm headed by Elon Musk, announced today that it has inked an agreement with Space Systems/Loral to launch a satellite for the firm. SpaceX said that the deal calls for launch of a manufactured satellite aboard a SpaceX Falcon 9 as early as 2012.
Hawthorne-based Space Exploration Technologies (SpaceX), the commercial rocket firm run by tech mogul Elon Musk, has scored $75M from NASA as part of NASA's Commercial Crew Development (CCDev2) effort, NASA said Monday. NASA's CCDev2 effort is aimed at accelerating the availability of U.S.
Hawthorne, California-based rocket and spacecraft developer SpaceX has just closed a Series N funding round, according to investor Legendary Ventures, which invested in the round. A report in August said SpaceX was raising $1.9 billion in new funding, at a valuation of $46 billion. READ MORE>>.
Hawthorne-based Space Exploration Technologies (SpaceX), the commercial spaceflight startup headed by ex-PayPal founder Elon Musk, has named a new president the firm said this week. SpaceX said that Gwynne Shotwell has been named as President, reporting to Musk. The firm is venture backed by The Founders Fund and Elon Musk.
Hawthorne, California-based SpaceX has completed raising $850M in new funding, boosting the valuation of the company to an astounding $74 billion, according to CNBC. The funding--which has not been announced by SpaceX--apparently valued SpaceX at $419.99
[link] Playa Vista-based Hyperloop Transportation Technologies (HTT), the startup founded by Dirk Ahlborn and Bibop Gresta which is one of a number in the LA area focused on bringing the Hyperloop technology to market, says it has received funding worth $1.2 READ MORE>>.
Now it’s picking up some funding along with an endorsement Europe to further its growth. The startup has received €50 million (just under $57 million at today’s rates) from the European Investment Bank, the funding arm of the European Union. The funding from the EIB ticks a couple of different boxes for the EU.
Other mentors to the effort include Elon Musk (Tesla/SpaceX), Kelly Perdew (Fastpoint Games), Michael Robertson (MP3.com), com), Nolan Bushnell (Atari), and many others in the local technology community. READ MORE>>.
Hyperloop Transportation Technologies (HTT) is led by Dirk Ahlborn, and was originally funded by crowdfunding site JumpStarter. HTT said the deal will make it the first company to work on plans for a Hyperloop system in Europe. READ MORE>>.
Interest in technology IPOs appears to have hit a new high Thursday, as daily deals firm Groupon filed for an IPO, saying that it is looking to raised up to $750M in an IPO. Backers: Fayez Sarofim & Co, Sequoia Capital, and Technology Crossover Ventures. SpaceX [ profile ]. Backers: Elon Musk, Founders Fund.
In an attempt to boost diversity and inclusion efforts and civic engagement between the growing technology industry in Los Angeles and the community that surrounds it, over 80 venture capitalists and entrepreneurs joined the city’s mayor, Eric Garcetti, and the non-profit Annenberg Foundation to announce PledgeLA.
People said this about Ring (which went from startup to selling to Amazon > $1 billion in around 5 years), Facebook, YouTube, Airbnb, Uber, Twitter, Instagram and many other great behemoths of the technology industry. This is why so many great LA funds like Upfront, Greycroft and B Capital Global have all backed Bird. Not really.
A new, Los Angeles startup, Hyperloop Technologies has emerged-- with $8.5M in funding --to bring those dreams to life. Hyperloop Technologies is led by former SpaceX engineer Brogan BamBrogan. spacexfunding capital venture musk elon hyperloop startup' READ MORE>>.
The magazine turned its attention this month towards the Los Angeles innovation and technology economy in a section guest edited by StartEngine co-founder Howard Marks , including a reception held Wednesday evening at the Viceroy in Santa Monica.
The partners at MaC Venture Capital , the Los Angeles-based investment firm that has just closed on $103 million for its inaugural fund, have spent the bulk of their careers breaking barriers. We’re going to show them a set of companies that they would not have seen from any [other] VC fund,” said Fenty.
The Securities and Exchange Commission is looking into a series of tweets made by technology mogul Elon Musk earlier this week, where he said he was looking into taking Tesla private. Musk--who is also head of Hawthorne-based SpaceX -- said earlier this week that he had "Funding secure" to take Tesla private at $420 per share.
The list of technology startups in Southern California who are "unicorns"--valued at more than $1 billion--surprisingly, might not be who you think, and in the sectors you might expect. and no, there aren't any entertainment-technology companies anywhere in sight). SpaceX (www.spacex.com). Crowdstrike (www.crowdstrike.com).
Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. When you begin to peel back the onion some surprising data presents itself.
Elon Musk , the technology mogul who runs both Los Angeles-based SpaceX , as well as electric car and solar power manufacturer Tesla , has agreed to settle the securities fraud charge brought against him by the SEC last week.
He was running to be the 42nd mayor of Los Angeles and he outlined his vision to “open up the city government to technology and innovation” if he were elected. He wanted to bring the same level of technology focus and energy that Mayor Bloomberg had brought to New York City. But this post is about the broader context of LA.
Culver City-based Parallel Systems, a startup developing autonomous train and transportation technology, said today that it has raised $49.55M in a Series A funding round. The funding was led by Anthos Capital, and also included Congruent Ventures, Riot Ventures and Embark Ventures. The company is led by CEO Matt Soule.
Using its proprietary printing technology, Relativity says it can slash the time it takes to develop a rocket from design to launch by up to two years. Relativity Space chief technology officer Jordan Noone next to one of the company’s 3-D printers. space industry. “These guys have built the world’s largest 3-D printer.”
Beyond Southern California’s coastal appeal is a vibrant technology ecosystem that encompasses enterprise software, financial services, healthcare, aerospace and defense, robotics, ecommerce and social media. base of operations and SpaceX’s significant presence has born a number of talented hardware and engineering startups.
Los Angeles-based startup Emotive, which develops conversational text messaging software, said this morning that it has raised $50M in its Series B funding round. The funding was led by CRV, and also included Mucker Capital, TenOneTen Ventures, plus new investors, Stripes and Vulcan Capital.
The biggest investments for the quarter went to Irvine-based Fisker Automotive , which raised $78.0M, followed by Hawthorn-based Space Exploration Technologies Corporation (SpaceX), the commercial rocket firm of Elon Musk, which raised $50.2M. in a funding round. in investments, followed by $182.7M
Elon Musk , the Los Angeles technology mogul who is behind such companies as SpaceX (rockets), Tesla (cars, solar panels), and The Boring Company (tunneling machines and "flame throwers"), joked over the weekend that he is starting a candy company. I am super super serious Elon Musk (@elonmusk) May 5, 2018.
The press around the raise & company was fantastic and the promise of their technology – wireless charging that works as easily as WiFi – would positively affect many of our lives. If anything I’d like to fund 5 more teams and projects this ambitious. And that is what we’ll do.” Now they are partners.
Elon Musk , the billionaire technology mogul behind SpaceX, has put some money behind--surprisingly--an effort to help developer artificial intelligence research. OpenAI says its goal is to advance digital intelligence in a way that "is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return."
Elon Musk , the technology mogul behind Los Angeles-based SpaceX and The Boring Company --already under fire by investors at Tesla Motors for his recent inconsistent, public statements--boldly took a puff of marijuana on a YouTube broadcast on the Joe Rogan Experience on Thursday evening.
As investors continue pouring funding into artificial intelligence and consumer habits shift, many AI and subscription model startups have been enjoying rapid growth. Source: runwayml.com In June, Runway raised $141 million in funding, nudging its market valuation to an envy-inducing $1.5 Organic milk formula product Bobbie.
round; San Diego-based Zogenix with a nearly $36M funding round; and Hawthorne-based Space Exploration Technology (SpaceX) , which raised $30.4M. Orange County had $66.8M in 8 deals. The biggest deals in the quarter came for San Diego's Roka Bioscience , with a $37.2M
Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. We now have $250 million under management, are investing out of our fourth fund and have made more than 80 investments.
Since that time the speed at which companies have developed both technologically and from a business perspective has been nearly as staggering as the 760 mph system itself. Hyperloop Transportation Technologies. Hyperloop Transportation Technologies collaborates with over 800 field experts from around the world.
I usually envision a 50-50 ownership split for their efforts, but every engineer believes the technology side deserves the majority share. If you consider yourself a technologist, you probably believe and may be propagating one of the following myths: The first priority for funding should be to develop the technology.
More success has been logged with companies like Amazon, which lightly funds many business model experiments each year, and is not hesitant to pivot or learn from failures. Look for technologies to adapt from other domains. Insights from these technologies are often not seen by the original inventor industries.
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