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SpinLaunch Finds $35M For Orbital Launch Systems, Expansion In Long Beach

socalTECH

Long Beach-based SpinLaumch , a space startup working on oribal launch systems which use a kinetic launch system to deliver payloads into space from the ground using a mass acceleration system, has raised $35M more, the company said on Thursday afternoon. The new funding brings the startup's total funding to $80M.

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Virgin Orbit Seeks Funds Ahead of Launch

L.A. Business Journal

Long Beach-based satellite launch company Virgin Orbit, looking to rebound from a failed test flight in May, is seeking to raise funds ahead of a second launch.

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Long Beach, BYD Motors Cancel Electric Bus Deal

socalTECH

Chinese electric car and bus manufacturer BYD Motors said Thursday that it has agreed to mutually terminate a contract with the Long Beach Transportation Company , for ten electric buses for the city. The contract had been worth $12.1M; Long Beach is expected to reopen bidding on the contract.

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Crypto IRA Software Creator iTrustCapital Raises $125 Million

L.A. Business Journal

The Long Beach-based tech platform creator iTrustCapital Inc. secured a $125 million Series A equity raise for its Crypto IRA software platform, the company announced on January 19th, with a post-funding valuation exceeding $1.3

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Sunstone Backs Lucira Health In $15M Funding

socalTECH

Long Beach-based investor Sunstone Management is one of the investors in Emeryville, California-based Lucira Health , as part of a Series B funding rounding, the company said on Monday morning.

Funding 127
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Relativity Space gains new customer in Iridium and new launch site at Vandenberg

TechCrunch LA

Relativity Space has a new customer for its 3D-printed rockets: Established satellite maker and operator Iridium, which has picked the company for launches in 2023. To accomplish those, and other launches like them, the company is also setting up a new launch site at Vandenberg Air Force Base in California.

Sites 181
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SpinLaunch, Backed By Google And Kleiner Perkins, Gets DOD Contract

socalTECH

Long Beach-based SpinLaunch , a space launch services provider which recently relocated from Silicon Valley to Long Beach, reported on Wednesday that it has been awarded a launch prototype contract from the Department of Defense (DOD). Size of that new contract was not announced. READ MORE>>.