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OSI Systems Acquires American Science and Engineering

socalTECH

Hawthorne-base OSI Systems , which develops electronics systems for the homeland security, healthcare, and other markets, said this morning that it has acquired American Science and Engineering, Inc. (AS&E), OSI Systems said it will fund the acquisition from an existing, $450M credit facility. OSI said it would pay $37.00

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Elon Musk Gets IPO At SolarCity; SpaceX Next

socalTECH

Technology mogul Elon Musk has made huge waves in Southern California with his success at Hawthorne-based commercial rocket and spaceflight company SpaceX. SolarCity is a provider of power purchase agreements (PPAs), used to finance solar power installations, which just debuted on the NASDAQ Global Market as SCTY. billion.

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Elon Musk's SolarCity Sets IPO Pricing Range

socalTECH

Southern California entrepreneur Elon Musk has huge success this year, in (literally) getting commercial spaceflight firm SpaceX --based in Hawthorne--off the ground and into space, with a hugely successful set of flights to the International Space Station (ISS). and $15.00. Musk's last IPO success was electric car maker Tesla Motors.

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Elon Musk's SolarCity Files For IPO

socalTECH

It's been a big weekend for tech entrepreneur Elon Musk, after another successful launch Sunday from his commercial spaceflight firm, SpaceX--based in Hawthorne--and, it turns out, another IPO filing for Musk. It turns out that Musk owns 31.9 percent of SolarCity, which was founded by his cousins, Lyndon and Peter Rive.

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Southern California's Top 10 Most Popular Tech Stories Of The Year

socalTECH

BetterWorks--headed by prolific angel investor Paige Craig--apparently was not able to sustain a large enough market, relative to its high costs of customer acquisition. why (except widespread interest all year in the achievements of Hawthorne-based SpaceX, and. We have no idea. its launch to the International Space Station).