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Tech Coast Angels Los Angeles Launches New Members Only Fund

socalTECH

The Tech Coast Angels says it has launched a new, annual fund, and is continuing to invest--despite the pandemic. The angel group, the largest in the nation, said it invested over $19M in 2019, in part due to a similar fund created by its San Diego chapter, the TCA-San Diego, last year. Recess , Somabar , and Turn Technologies.

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SpaceX Lands $850M, Now Worth $74 Billion

socalTECH

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

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Who's In Southern California's Unicorn Club?

socalTECH

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. SpaceX, based in Hawthorne, California, is now worth between $12 billion and $15 billion, according to multiple reports. SpaceX (www.spacex.com).

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SpaceX Hires Bizdev VP

socalTECH

Hawthorne-based SpaceX , the space launch vehicle startup funded by PayPal founder Elon Musk, said Wednesday afternoon that it has hired on a new Vice President of Business Development. In announcing the new executive, SpaceX also said it now has over 620 full time employees, mostly in Hawthorne. READ MORE>>.

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Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

TechCrunch LA

Catch up by reading the first edition here or check out last week’s edition , which offered the gamut of mobility news from Lyft and Bird to Waymo’s laser bears and cybersecurity. .” After five days in Austin for SXSW, I headed to Los Angeles, actually Hawthorne, for Tesla’s Model Y unveiling. Keep it coming.