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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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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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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 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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Starship Technologies picks up €50M from the EU’s investment arm to expand its fleet of autonomous delivery robots

TechCrunch LA

The startup has received €50 million (just under $57 million at today’s rates) from the European Investment Bank, the funding arm of the European Union. Starship Technologies is describing this as a “quasi-equity facility”, meaning there is a venture loan involved in the mix. It has now made more than 2.5

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The Changing Venture Landscape

Both Sides of the Table

On the one hand, you’re over paying for every investment and valuations aren’t rational. They might be ideas they hatch internally (via a Foundry) or a founder who just left SpaceX and raises money to search for an idea. That used to be called A-round investing. The legends of Silicon Valley?—?two two founders in a garage?—?(HP

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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.