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Tech Coast Angels Los Angeles Launches New Members Only Fund

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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

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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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Hyperloop Transportation Technologies Inks Deal In Slovak Republic

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Hyperloop Transportation Technologies (HTT) is led by Dirk Ahlborn, and was originally funded by crowdfunding site JumpStarter. HTT said the deal will make it the first company to work on plans for a Hyperloop system in Europe.

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SpaceX Dragon Returns Successfully From ISS

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Hawthorne-based SpaceX is a venture funded startup, headed by tech mogul Elon Musk. The successful return of the SpaceX Dragon is the first time since the retirement of the Space Shuttle that NASA has been able to return significant amounts of samples and cargo from the ISS. READ MORE>>.

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Who's In Southern California's Unicorn Club?

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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

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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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SpaceX Test Fires Falcon 9 Rocket

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Hawthorne-based SpaceX , the space rocket startup headed by former PayPal founder Elon Musk, and backed by Founders Fund and Draper Fisher Jurvetson, disclosed Wednesday that it has completed two successful test firings of its Falcon 9 launch vehicle.

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