Virgin Orbit may have found a buyer for some of its assets in hypersonic flight company Stratolaunch, according to new court filings. Stratolaunch submitted a $17 million bid for some assets, including the modified Boeing 747 aircraft “Cosmic Girl,” in a so-called stalking horse bid. Stalking horse bids set the minimum floor price for the…
Entro, a Tel Aviv-based startup that is building a security platform that helps enterprises manage and protect their secrets like account credentials, certificates and API keys, today announced that it has raised a $6 million seed round led by StageOne Ventures and Hyperwise Ventures. A number of angel investors, including Trusteer and Transmit Security founders…
Wefox, the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone as the company managed to secure $55 million. This could be considered as an extension of the $400 million Series D round as Wefox managed to maintain the same valuation of $4.5 billion.…
Tesla CEO Elon Musk teased two new electric vehicles Tuesday at the automaker’s 2023 annual shareholder’s meeting. The billionaire executive even claimed that Tesla is already in the process of building a new product. “I just want to emphasize that we are actually building a new product,” said Musk. “We are actually designing a new…
The spotlight of hype has lit up many areas since autonomous driving had its own time in the sun, but progress in the technology is chugging along. It’s clear that the dream of not having to drive ourselves around is not dead, given the rising tallies of miles driven by bots, greater commercialization, and other…
Spotify is launching its AI feature called “DJ” for premium customers in the U.K. and Ireland. The feature is aimed at music discovery and it plays curated music with AI-powered commentary in English. In many ways, using the AI DJ feels like listening to a radio DJ. The company first launched this feature back in…
Jenfi, a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. The Singapore-based startup announced today it has raised $6.6 million in pre-Series B funding, led by Headline Asia. Participation came from returning investor Monk’s Hill Ventures, which led Jenfi’s Series A two years ago, ICU Ventures, Granite Oak, Korea…
Hello and welcome back to Max Q! In this issue: Virgin Galactic aims for a triumphant return Vast aims to launch space station in 2025 News from SpaceX, and more Virgin Galactic will return to the skies later this month in a crewed mission that the company hopes will bring to an end the nearly…
Operator experience has become critical in venture capital over the last few years. Pure-play financial VCs are falling out of favor with startups compared to investors who bring building experience alongside their cash. But not all operating backgrounds are equally helpful. If a VC has experience in a different field, it may not translate well…
Welsh in-space manufacturing startup Space Forge has developed a satellite reentry system to enable rapid recovery and reuse of its in-space manufacturing spacecraft. The new system, which includes a heat shield and a water vehicle designed to soften the spacecraft’s landing, will be incorporated into the company’s in-space manufacturing satellite platform called ForgeStar. As opposed…
