Here are the latest updates on news affecting Los Angeles' startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for more.

Today:

  • Disney Plus Surpasses 60 Million Subscribers
  • Rocket Lab Boosts Payload Capacity
  • Microsoft Backs Maker of Voice-Activated Chip, Syntiant, in $35M Round
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ABL Space Systems, a startup building low-cost launch vehicles for small satellites, announced that it raised over $90 million and plans to launch its first orbital mission by the first quarter of next year.

The El Segundo-based company secured $44.5 million in Air Force contracts and another $49 million in private funds led by Ethan Batraski at Venrock with participation from New Science Ventures, Lynett Capital, and Lockheed Martin Ventures.

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Space City – Long Beach?

The oceanside city, known by tourists as the home of the Queen Mary, scored another win as it competes with Houston and Cape Canaveral as a hub for the new privately-led space race. Relativity Space, a five-year-old rocket maker, is opening a new 120,000 square foot manufacturing facility in Long Beach that bolsters the city's economic ambitions.

Relativity joins Virgin Orbit, Google-backed SpinLaunch, and others that established headquarters in Long Beach. Relativity's Friday announcement that its relocating from Los Angeles is another step in reviving the city's reputation as an aerospace hub.

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