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Silicon Beach Report Oct. 23: Scott Painter’s Next Auto Venture Secures $1 Billion Debt, Equity Funding

L.A. Business Journal

Scott Painter’s next auto venture secures $1 billion debt and equity funding, Air Force adds more than $40 million to SpaceX engine contract and Snap overestimates Spectacle demand leaving hundreds of thousands unsold.

Equity 100
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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). Relativity Space chief technology officer Jordan Noone next to one of the company’s 3-D printers. .

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Ten Tech Entrepreneurs Who Are Putting LA on the Map

SoCal Delicious

Richard Rosenblatt – Demand Media. Most recently, Rosenblatt cofounded Demand Media, launching in 2006 with $120 million in equity and the acquisition of eHow.com. You might know Demand Media better as the people behind Cracked, DailyPuppy, and GolfLink. Elon Musk – SpaceX, Tesla Motors, PayPal. billion in shares.