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SpaceX Gets Investment From Legendary Ventures

socalTECH

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. The investment firm's General Partner is Jayson Kim. A report in August said SpaceX was raising $1.9 READ MORE>>.

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Google's Investment In SpaceX Round Totals $900M

socalTECH

Mountain View-based Google confirmed in its quarterly earnings report this week that it was the biggest investor in the recent, $1 billion funding round for Hawthorne-based SpaceX. The remainder of the funding round came from Fidelity, Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn. READ MORE>>.

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SpaceX Seeking New Funding

socalTECH

Hawthorne, California-based SpaceX is seeking yet another massive round of investment, according to a report, which would value the company at between $60 billion to $92 billion. SpaceX has raised more than $5.4 The size of the round was unknown. billion in total since being founded.

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SpaceX Raises $1 Billion From Google, Fidelity

socalTECH

Hawthorne, California-based SpaceX , the Los Angeles area commercial rocket and spacecraft developer led by Elon Musk, announced Tuesday afternoon that it has raised a billion dollars in a financing round. SpaceX said the deal gives Google and Fidelity just under 10 percent ownership of the company. READ MORE>>.

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The Changing Venture Landscape

Both Sides of the Table

how on Earth could the venture capital market stand still? One of the most common questions I’m asked by people intrigued by but also scared by venture capital and technology markets is some variant of, “Aren’t technology markets way overvalued? On the one hand, you’re over paying for every investment and valuations aren’t rational.

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Relativity, a new star in the space race, raises $140 million for its 3-D printed rockets

TechCrunch LA

Manufacturing can be done within 60 days, according to the company’s claims, and its vehicles have a payload capacity of up to 1250 kilograms ( SpaceX’s largest rockets will have roughly 100 times that payload capacity). space industry. “We’re really really truly focused on the rockets for now,” says Ellis.

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Forbes Midas List Gives Cold Shoulder To SoCal VCs

socalTECH

Sequoia Capital''s Douglas Leone, was placed at number six for his role in funding San Diego''s ServiceNow ; Bessemer''s Byron Deeter was ranked #36 due to his role in funding Santa Monica''s Cornerstone OnDemand ; Stephen Jurveston, of Draper Fisher Jurvetson, was ranked at #59 for his investment in Hawthorne-based SpaceX.