May 26, 2007 |
You can feel the electricity. Tesla Motors Inc., manufacturer of an exotic electric roadster, will launch its brick-and-mortar retailing effort with a store on Santa Monica Boulevard near the 405 Freeway in November. And Environmental Motors, the newest dealer for Zap, importer of a three-wheeled, low-speed electric "city car" called the Xebra, just held a grand opening for its showroom at 134 S. Glendale Ave. in Glendale.
August 28, 2010 |
Google Inc. is stockpiling technology and talent for what many believe will be a full-on assault against Silicon Valley rival Facebook Inc. As part of its campaign to build a social networking service to counter the explosive growth of Facebook, Google confirmed Friday that it had bought up Internet company Angstro and hired its co-founder Rohit Khare. Khare, a respected Internet researcher, is one of several new faces at Google charged with helping the Internet search giant compete for the eyeballs and dollars increasingly flowing to social networking.
January 24, 2011 |
After becoming the first private company ever to blast a spacecraft into Earth orbit and have it return intact last month, Hawthorne rocket maker Space Exploration Technologies Corp. is pushing toward its next big step. The company known as SpaceX wants to be the first commercial firm to launch astronauts into outer space and has submitted a proposal to NASA. SpaceX wants in on the potentially multibillion-dollar job of ferrying astronauts to and from the International Space Station after the space shuttle is retired this year.
October 25, 2008 |
Struggling to raise money amid the financial crisis, electric carmaker Telsa Motors Inc. will eliminate nearly a quarter of its workforce in a bid for profitability. Chairman and Chief Executive Elon Musk said Friday that Tesla would cut as many as 87 staff and full-time contract workers, or 24% of the 363-person total. The company also will attempt to raise $25 million, rather than the $100 million it had been seeking. Last week, the Santa Rosa-based start-up said it would delay production of its electric sedan, close two offices, increase production of its $109,000 Roadster and lay off an unspecified number of employees.
July 12, 2011 |
A sprawling hangar to house the assembly of the world's most powerful rocket and a launchpad capable of handling the earthshaking blast is being developed northwest of Santa Barbara at Vandenberg Air Force Base. Hawthorne-based rocket venture SpaceX said it was investing $30 million at the base's Space Launch Complex 4-East for its upcoming 22-story Falcon Heavy rocket. The company, formally known as Space Exploration Technologies Corp., hopes to use the launchpad for the first time at the end of next year in a demonstration flight of the 27-engine rocket for the U.S. government.
December 25, 2008 |
In a major boost to Southern California's aerospace industry, a Hawthorne start-up founded by an Internet entrepreneur has been awarded a NASA contract potentially worth $3.1 billion to lift supplies to the International Space Station. Space Exploration Technologies, also known as SpaceX, beat out aerospace behemoths Lockheed Martin Corp. and Boeing Co. for the contract to build rockets that would replace the space shuttle when it is slated for retirement in 2010.
July 20, 2011 |
In what it said was the largest sweep of Internet "hactivists" in the U.S., the FBI arrested 14 alleged members of hacker group Anonymous, which last fall took responsibility for knocking out the websites of several large companies. The 14 people arrested, including two from Southern California, may be the first alleged members of Anonymous to be arrested by the FBI, said a law enforcement official not authorized to speak on the matter. The raids may also mark the first time that federal agents arrested individuals for cyber crimes that may have been committed as a form of political protest.
July 8, 2008 |
Reid Hoffman is a big man in Silicon Valley. And, try as he might to remain in the background, his stature just keeps growing -- literally and figuratively. It all began in the bleak aftermath of the dot-com bust, when despondent entrepreneurs and investors were throwing in the towel. Hoffman, never one to shrink from a challenge, rolled up his sleeves. The PayPal Inc. veteran took some of the $10 million he made in 2002, when EBay Inc.
April 18, 2002 |
Saying companies spent less on technology in the first quarter, IBM Corp. reported its sharpest drop in earnings since the world's No. 1 computer maker emerged in 1993 from a string of losses. But the company sounded a positive note for later this year, saying that it expects to meet analysts' 2002 estimates as revenue from services improves to double-digit growth, which helped boost its shares in after-hours trading to as high as $87.29. The shares had closed off $1.39 at $84.