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SpinLaunch Finds $35M For Orbital Launch Systems, Expansion In Long Beach

socalTECH

Long Beach-based SpinLaumch , a space startup working on oribal launch systems which use a kinetic launch system to deliver payloads into space from the ground using a mass acceleration system, has raised $35M more, the company said on Thursday afternoon. The new funding brings the startup's total funding to $80M.

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Long Beach, BYD Motors Cancel Electric Bus Deal

socalTECH

Chinese electric car and bus manufacturer BYD Motors said Thursday that it has agreed to mutually terminate a contract with the Long Beach Transportation Company , for ten electric buses for the city. The contract had been worth $12.1M; Long Beach is expected to reopen bidding on the contract.

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Virgin Orbit Seeks Funds Ahead of Launch

L.A. Business Journal

Long Beach-based satellite launch company Virgin Orbit, looking to rebound from a failed test flight in May, is seeking to raise funds ahead of a second launch.

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Relativity Raises $650 Million for Large Reusable Rocket

L.A. Business Journal

Long Beach-based Relativity Space Inc. has raised $650 million in Series E funding to support development of the large, 3D-printed Terran R rocket.

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Sunstone Backs Lucira Health In $15M Funding

socalTECH

Long Beach-based investor Sunstone Management is one of the investors in Emeryville, California-based Lucira Health , as part of a Series B funding rounding, the company said on Monday morning.

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Crypto IRA Software Creator iTrustCapital Raises $125 Million

L.A. Business Journal

The Long Beach-based tech platform creator iTrustCapital Inc. secured a $125 million Series A equity raise for its Crypto IRA software platform, the company announced on January 19th, with a post-funding valuation exceeding $1.3

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Sunstone Joins In $100M Funding For Supersonic Plane

socalTECH

Long Beach-based investor Sunstone Venture Capital Fund says it has participated in the funding for supersonic airplane maker Boom Supersonic. Sunstone did not say how much it invested in the round, which was announced last week by Denver-based Boom Supersonic.