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SpaceX Seeks $750M In Debt Funding

socalTECH

Hawthorne, California-based SpaceX , the commercial space exploration firm run by Elon Musk, is looking to raised $750M in a leveraged loan offering, according to a report on Tuesday. The debt funding effort is apparently the company's first time it has attempted to tap into the institutional debt market. READ MORE>>.

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SpaceX Targets European Satellite Market

socalTECH

Hawthorne-based SpaceX , the commercial rocket firm headed by Elon Musk and backed by the Founders Fund and Draper Fisher Jurvetson, said today that it has inked a deal with Astrium to provide dedicated launch serviecs to the European institutional small satellite market.

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OSI Systems Acquires American Science and Engineering

socalTECH

Hawthorne-base OSI Systems , which develops electronics systems for the homeland security, healthcare, and other markets, said this morning that it has acquired American Science and Engineering, Inc. (AS&E), OSI Systems said it will fund the acquisition from an existing, $450M credit facility. OSI said it would pay $37.00

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SpaceX Names President

socalTECH

Hawthorne-based Space Exploration Technologies (SpaceX), the commercial spaceflight startup headed by ex-PayPal founder Elon Musk, has named a new president the firm said this week. The firm is venture backed by The Founders Fund and Elon Musk. SpaceX said that Gwynne Shotwell has been named as President, reporting to Musk.

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

TechCrunch LA

.” This historical look at Uber and its self-driving tech unit, Uber ATG, should be considered alongside more recent news, including that it’s in negotiations with investors, including the SoftBank Vision Fund, to secure an investment as large as $1 billion for its autonomous vehicles unit. Deal of the week. Megan Rose Dickey.