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Dash Systems Raises $8 Million for Airdrop Technology

L.A. Business Journal

Hawthorne-based DASH Systems Inc. will use the funding to expand aerial shipping to remote and rural areas.

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Report: SpaceX Raising New Funding At Near $10 Billion Valuation

socalTECH

A new report this morning says that Hawthorne-based spaceship and rocket developer Space Exploration Technologies is in the midst of raising a new round of investment, which values the company at around $10 billion. Amount of funding, and the investors involved, have not been disclosed. The report came from TechCrunch.

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Tech Coast Angels Los Angeles Launches New Members Only Fund

socalTECH

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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Report: SpaceX Still Needs $1 Billion To Reach Goals, Despite Successful Launch

socalTECH

A report from the WSJ Monday morning says that Hawthorne-based Space Exploration Technologies Corp. SpaceX), the commercial space flight venture of Elon Musk, still needs more than $1 billion in funding over the next year or two, to reach its goal of transporting astronauts to the International Space Station.

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Hyperloop Transportation Technologies Inks Deal In Slovak Republic

socalTECH

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. READ MORE>>.

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SpaceX Announces Second Satellite Launch Deal

socalTECH

In the second satellite launch deal announced today, Hawthorne-based Space Exploration Technologies (SpaceX) and ORBCOMM said that SpaceX will carry two new satellites to orbit this year. SpaceX is venture backed by Founders Fund, Draper Fisher Jurvetson, and Valor Equity Partners, and is headed by technology mogul Elon Musk.

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SpaceX Gets Satellite Contract

socalTECH

Hawthorne-based Space Exploration Technologies , the commercial rocket firm headed by Elon Musk, said late Wednesday that it has signed a deal with Israeli satellite firm Space Communications Ltd. , SpaceX is venture backed by Founders Fund, Draper Fisher Jurvetson, as well as Musk's own personal fortune. READ MORE>>.

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