rocket lab

rocket lab

Relativity Space Reportedly Scores a $500M investment, valuing the company at $3.2B.

Hadrian Automation, a startup developing automated manufacturing plants for the aerospace and defense industries in the Los Angeles area, has raised $36.4 million in new funding, according to a Securities and Exchange Commission filing.

Hadrian, which is based in San Francisco but has operations in Hawthorne, secured the funding from a total of 28 different investors, according to the SEC filing. The identities of those investors were not disclosed. The startup previously raised a $9.5 million seed round last spring from the likes of Lux Capital, Founders Fund, and Construct Capital.

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Rocket Lab Improves Payload Capacity

Long Beach-based rocket maker and SpaceX competitor Rocket Lab agreed to pay $80 million to acquire SolAero, a New Mexico-based company that makes solar cells and panels to power devices in outer space.

The transaction is expected to close by the first quarter of 2022.

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Rocket Lab has been building rockets in Long Beach for more than a decade, competing with the likes of SpaceX in a less talked-about area of the space industry: satellite launches. But growing interest in space exploration made CEO Peter Beck rethink his strategy.

"What we're trying to build is a new breed of space company," Beck said.

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