Like many highly valued startups, SpaceX sometimes allows its employees to cash out some of their shares by selling to company-authorized outside investors. TechCrunch has gotten a peek at an internal SpaceX document about such a tender offer from May 2022. Musk posted on X last month that SpaceX holds such sales for employees about […]
Why companies are turning to internal hackathons
Companies are always looking for an edge, and searching for ways to encourage their employees to innovate. One way to do that is by running an internal hackathon around a theme and having employees attack a problem together. It not only brings in new ideas and new ways to solve problems for the company and […]
Internal pre-Starlink SpaceX financials show big spending on moonshot bets
Confidential financial statements from SpaceX for 2018 and 2019 capture an early glimpse at the degree to which the company is likely dependent on its Starlink business unit, and bringing the Starship rocket online, to become cash flow positive. While the comprehensive balance sheets are five years old, they provide an intimate look inside the […]
Microsoft employees exposed internal passwords in security lapse
Microsoft has resolved a security lapse that exposed internal company files and credentials to the open internet. Security researchers Can Yoleri, Murat Özfidan and Egemen Koçhisarlı with SOCRadar, a cybersecurity company that helps organizations find security weaknesses, discovered an open and public storage server hosted on Microsoft’s Azure cloud service that was storing internal information […]
ContactMonkey lands $55M investment to grow its email software for internal comms
Email is quite profitable, as it turns out. Or rather, email communications software is. Today, Toronto-based ContactMonkey, a platform that lets companies create, send and track internal comms from Outlook and more, announced that it raised $ 55 million in a Series A round led by Updata Partners. It’s a sizable round from a single […]