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SpaceX Founder Musk: Structural Failure Took Down Falcon 9

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Elon Musk , founder and CEO of Hawthorne-based SpaceX , said Monday afternoon that the explosion of the company's rocket last month was due to a broken strut, which held a helium tank to the rocket's second stage. The failure resulted in a catastrophic explosion of the company's Falcon 9 on June 28th. READ MORE>>.

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Southern California Sees $1.9 Billion In Q1 Deals, Biggest Since Dot Com Boom

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More than half of this quarter''s investment due to a single, nearly $1 billion investment in Hawthorne-based SpaceX. billion invested--again thanks to SpaceX--then Software, with $316.95M in deals. The last quarter to ever reach the same investment heights was more than fourteen years ago, in fourth quarter of 2000, when $1.95