SpaceX was awarded an eight-launch, $ 733 million contract by the U.S. Space Force on Friday, as part of an ongoing program intended to foster competition among launch providers. The award includes seven launches for the Space Development Agency and one for the National Reconnaissance Office, all anticipated to use Falcon 9s and occur no […]
Eric Schmidt’s SandboxAQ aims for $5B valuation for its AI/quantum Google moonshot
VCs are spending gobs of money on AI startups – especially those run by big names in tech – so SandboxAQ is putting its hand out again, even though it raised a whopping $ 500 million in early 2023. The spinout from Google parent company Alphabet is reportedly seeking to raise another round that would […]
Acrew Capital hits five years, raises $700m
Acrew Capital has raised $ 700 million in fresh funds. The San Francisco-based venture capital firm announced in a blog post on Thursday that it raised $ 700 million to invest in companies building in data and security, healthcare, or fintech. This fundraise brings the firm’s assets under management to $ 1.7 billion. It’s unclear […]
Fluid Truck files for Chapter 11 bankruptcy and pursues sale after leadership shakeup
Less than two months after Fluid Truck’s board ousted its sibling co-founders from their executive positions, the company has laid off 30% of its staff, filed for Chapter 11 bankruptcy protection, and found a potential buyer to take on the business, pending court approval, according to bankruptcy filings and information from a former employee. Fluid […]
Investors bet on the power of light, diamonds in the trash, and more
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week brought us some exciting fundraising news from around the world, and even some exits. But if you are looking for tech IPOs, you will have […]