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Silicon Beach Report May 12: Elon Musk’s Boring Co. Begins Horizontal Digging in Hawthorne with Tunneling Machine.

L.A. Business Journal

begins horizontal digging in Hawthorne with tunneling machine, military could have low-cost launch market in five years with increased investment, and Social Reality rebrands as SRAX. Elon Musk’s Boring Co.

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SpaceX Adds $1.9M In New Funding, Says Report

socalTECH

Hawthorne-based SpaceX has raised another, $1.9 billion in funding, according to Reuters , which says the funding was disclosed in regulatory filings. Source of the new funding was not announced. The new funds reportedly value SpaceX at $46 billion, according to Bloomberg.

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SpaceX Adds $1.9B In New Funding, Says Report

socalTECH

Hawthorne-based SpaceX has raised another, $1.9 billion in funding, according to Reuters , which says the funding was disclosed in regulatory filings. Source of the new funding was not announced. The new funds reportedly value SpaceX at $46 billion, according to Bloomberg.

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SpaceX Manned Launch Mission As Early As May, Say Reports

socalTECH

Hawthorne-based SpaceX may be launching astronauts into space on the Crew Dragon spacecraft as early as May, according to reports, after meeting all of the milestones required to fly actual astronauts on its spacecraft. The first mission reportedly could be as early as May 7th, on the SpaceX Demo-2 launch.

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Fire Reported At SpaceX Facility In Florida

socalTECH

SpaceX, which is based in the Los Angeles area, in Hawthorne, has said that it hopes to launch commercial missions on the Starship in 2021. A fire broke out this morning at a SpaceX facility in Florida, where SpaceX is working on its "Starship", reportedly causing around $650,000 in damage.

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SpaceX Chops 10 Percent Of Employees, Says Report

socalTECH

Hawthorne-based SpaceX --despite a continuing string of successful launches--is cutting 10 percent of its 6,000 employees, according to a report published on Friday. The report--from the LA Times--confirmed the layoff with the company, which said that Space "must become a leaner company" to continue to deliver for its customers.

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SpaceX reportedly looking to build Starship rockets at Port of LA

TechCrunch LA

CNBC reported that these discussions were confirmed by Port of LA officials. SpaceX currently manufactures Falcon 9 and Falcon Heavy at its facility in Hawthorne, Calif., million-per-year lease, before subsequently going back on that agreement in 2019.

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