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After operating in stealth mode for about two years, First Resonance , a company founded by former SpaceX engineers, is finally showing the world their software toolkit designed to let manufacturers make things using the processes employed by their former boss.
Hawthorne-based SpaceX , the commercial rocket firm headed by Elon Musk and backed by the Founders Fund and Draper Fisher Jurvetson, said today that it has inked a deal with Astrium to provide dedicated launch serviecs to the European institutional small satellite market. READ MORE>>.
Technology mogul Elon Musk has made huge waves in Southern California with his success at Hawthorne-based commercial rocket and spaceflight company SpaceX. SolarCity is a provider of power purchase agreements (PPAs), used to finance solar power installations, which just debuted on the NASDAQ Global Market as SCTY. READ MORE>>.
Hawthorne-based SpaceX has scored a new win today, this time, with the United States Air Force. According to SpaceX, it has been awarded two, Evolved Expendable Launch Vehicle (EELV)-class missions by the USAF, which will launch on the SpaceX Falcon in 2014 and 2015. READ MORE>>.
Hawthorne-based SpaceX , the commercial rocket company run by Elon Musk , is indeed working on developing a constellation of micro-satellites to deliver Internet access across the world. According to Elon Musk, in a tweet, SpaceX is still in the "early stages" of developing advanced micro-satellites operating in large formations.
Hawthorne, California-based SpaceX , the commercial space exploration firm run by Elon Musk, is looking to raised $750M in a leveraged loan offering, according to a report on Tuesday. The debt funding effort is apparently the company's first time it has attempted to tap into the institutional debt market. READ MORE>>.
Hawthorne-based Space Exploration Technologies (SpaceX), the commercial spaceflight startup headed by ex-PayPal founder Elon Musk, has named a new president the firm said this week. SpaceX said that Gwynne Shotwell has been named as President, reporting to Musk. The firm is venture backed by The Founders Fund and Elon Musk.
As Mountain View-based social networking site Facebook hits the market today, in what is the largest tech initial public offering in history, one question is if it will spur what has, so far, been a lackluster IPO market for Southern California technology firms. Despite the huge interest in Facebook's IPO--the firm priced at $38.00
Hawthorne-based SpaceX has added another satellite customer, DigitalGlobe , to its queue of launch contracts, the two companies said Wednesday morning. The two said that the first block of satellites for DigitalGlobe's WorldView Legion satellites will be launched in two separate flights in 2021, on SpaceX's Falcon 9 rockets.
Hawthorne-based SpaceX , the commercial spaceflight operation run by Elon Musk, reported today that it has named Marv Vander Weg to Vice President of its EELV Customer Office, which appears to be a new office targeted at the U.S. Tags: spacex eelv united launch alliance defense rocket space elon musk. Air Force and the U.S.
Hawthorne, California-based space rocket developer SpaceX has its first, real, commercial competition, as of Monday, after competing rocket developer Blue Origin launched its first successful test into space. Blue Origin is backed by Amazon.com founder Jeff Bezos; SpaceX is run by fellow tech mogul Elon Musk.
This is a statement that they are willing and able (and successful) at projecting market and technology turns, not just straight-line innovations. They have the courage to make bold decisions, often contrary to conventional market research. For real entrepreneurs, crazy is a compliment, and the new market may be just around the corner.
Hawthorne-based SpaceX is planning to try for its third launch of a set of Starlink satellites today, at 9:19 p.m. According to SpaceX, it plans to launch another batch of its high speed communications satellites from Space Launch Complex 40 (SLC-40), with a backup launch opportunity tomorrow at 8:57 p.m.
Southern California entrepreneur Elon Musk has huge success this year, in (literally) getting commercial spaceflight firm SpaceX --based in Hawthorne--off the ground and into space, with a hugely successful set of flights to the International Space Station (ISS). and $15.00. Musk's last IPO success was electric car maker Tesla Motors.
It's been a big weekend for tech entrepreneur Elon Musk, after another successful launch Sunday from his commercial spaceflight firm, SpaceX--based in Hawthorne--and, it turns out, another IPO filing for Musk. It turns out that Musk owns 31.9 percent of SolarCity, which was founded by his cousins, Lyndon and Peter Rive.
Although the region has had a number of IPOs in the last year, most of them have been on the biotechnology and medical devices side, with a notable drought in IPOs from the high technology side of the market here--a big contrast to the huge debuts in Silicon Valley of such firms as Twitter and Facebook last year. READ MORE>>.
Santa Monica-based Graze , a new startup backed by Wavemaker Partners, said this morning that it has launched a new, robotic lawn mower targeted at the commercial market. According to the company, it is aiming at launching its fully autonomous, electric lawn mower by 2021.
Why: Rumored to be very profitable, waiting on market. SpaceX [ profile ]. Why: Interest in electric cars at a high; successful IPO at Tesla (see SpaceX) might have been driving these rumors. LegalZoom [ profile ] Business: Online legal documents. Business: Commercial spaceflight. Backers: Elon Musk, Founders Fund.
Noone had gone on to take a job at SpaceX and Ellis at Blue Origin, but the two remained in touch and had an idea for building rockets quickly and cheaply — with the vision that they wanted to eventually build these rockets on Mars. The two had met in college at USC in their jet propulsion lab. Still, Relativity is undaunted.
billion off Snap's market value; investment fund Vision Esports raises $38 million; and SpaceX successfully launches, but narrowly misses catching $6 million nose cone. Kylie Jenner’s tweet cuts $1.3
Is it because SpaceX spearheaded a pool of startup-minded thinkers who are now starting their own businesses? Is it because of the rich engineering talent coming out of Caltech, UCLA, USC, Harvey Mudd, and all the other universities? It’s all of those things.
BetterWorks--headed by prolific angel investor Paige Craig--apparently was not able to sustain a large enough market, relative to its high costs of customer acquisition. SpaceX Plans Launch Site In Texas - In April, SpaceX announced plans to set up a launch. We have no idea. its launch to the International Space Station).
If you want the full SlideShare deck with many slides not in either post it’s in this link –> The LA Tech Market. Has it begun to mature or is it just better marketed than in was say 5 years ago? Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly.
The company said Los Angeles is its 14th market. technology hub", and pointed at such local technology companies as Tinder, Hyperloop One, SpaceX, Hulu, and Snap. The company's marketplace offers inspections, valuation, title reports, and information on tenants and local property managers to its users.
The startup is aiming at the athletic training and recovery market, with a new sports tape which incorporates supplements. Los Angeles-based NI0 , a new startup in the sports and nutrition vertical, is gearing up for launch, backed by $500,000 in seed funding from a number of tech investors.
[link] Playa Vista-based Hyperloop Transportation Technologies (HTT), the startup founded by Dirk Ahlborn and Bibop Gresta which is one of a number in the LA area focused on bringing the Hyperloop technology to market, says it has received funding worth $1.2 READ MORE>>.
Between what he's doing between Tesla and SpaceX is pretty remarkable. They're not household names, they're many contrarians thriving in a down market. As the market comes back, not only will they benefit, they will thrive, and they will reveal their success stories. Elon is out there and just leading the pack.
Every radical turn in technology history has its great entrepreneur, and for space that person is SpaceX founder Elon Musk. Air Force and, of course, SpaceX. . Air Force and more. .
base of operations and SpaceX’s significant presence has born a number of talented hardware and engineering startups. Collectively, the 40 alumni companies who have participated in Techstars Los Angeles accelerator program have raised over $126 million and have a combined market cap of $328.6 and Los Angeles angel investor.
My friend Michael Broukhim, founder & co-CEO of FabFitFun and I recently had a catch-up meeting for 3-miles on the Santa Monica “Bird Trail” No company has ever elicited so many questions by friends, colleagues, entrepreneurs, fellow VCs and journalists as has Bird, the company that pioneered the electronic scooter as a service market.
10 years ago we found ourselves trying to persuade LPs and VCs that it was worth spending more time getting to know the LA market and now the most common refrain that I hear from them is “there really is something going on in LA.” Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA.
In the current market it’s not that hard to find executives leaving: Facebook, Google, Airbnb, Netflix, Snap, Salesforce.com, SpaceX … you name it?—?to Chances are you’ll see a lot of good deals. I’d be willing to bet that you’d even see a lot of deals that seem amazing. to start their next company.
The company is led by CEO Peter Beck, and unlike SpaceX, is targeting more the market for small, low-earth-orbit (LEO) vehicles. The "smallsat" market--using small "Cubesat" and other satellites--is also being aimed at by Virgin Orbit and others. READ MORE>>.
And space travel (SpaceX). Raising Venture Capital Tech Market Analysis' He said he wanted to found this company (he had founded a previous company that sold for about $300 million) because he thought the Internet was a big idea. He was interested in a few other big ideas. Energy independence (so he founded Tesla and Solar City).
It’s hard to remember that in 2012 it was still hard for LA VCs to persuade investors into funds that LA was a viable market for great venture capital funds or convince many VCs that LA was a market worth investing dollars into startups. But this post is about the broader context of LA. Are you kidding me? And this is true.
Santa Monica-based Event Farm , which develops event marketing software, has acquired Boston-based event software company Attend , as an expansion of the company's reach. Event Farm counts such clients as Google, Facebook, Yahoo, Lamborghini, WIRED, SpaceX, and NASCAR. READ MORE>>.
Tesla Motors is getting set to launch its newest model--the mass market, Model 3--at an event on March 31st in Los Angeles, in what is expected to be watershed moment for the electric car company. Tesla maintains a small office in Hawthorne, right next to SpaceX, the space rocket company which is also headed by Elon Musk.
Tesla Motors rolled out its latest vehicle, the Model 3 in Hawthorne last night, at its offices next to SpaceX. The Model 3 is Tesla's first reach down into the truly mass market, with a price of only $35,000 before incentives.
Manufacturing can be done within 60 days, according to the company’s claims, and its vehicles have a payload capacity of up to 1250 kilograms ( SpaceX’s largest rockets will have roughly 100 times that payload capacity). “We’re really really truly focused on the rockets for now,” says Ellis.
While some of the largest privately held technology companies, like SpaceX and Tesla , have shifted to manufacturing ventilators, smaller companies are also trying to pitch in and relieve scarcity locally. “As soon as we get the green light from hospitals, 10,000 printers around the world can be printing face shields and nose swabs.”
Dominate or create the market category you seek. Investors are most impressed with entrepreneurs who are part futurists and part prophets, with insights to see “around the corner,” and innovation and production plans to get there first, even in a today’s rapidly changing market. Convince people the market needs what you have.
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