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BUSINESS
January 24, 2011 | By W.J. Hennigan, Los Angeles Times
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.
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BUSINESS
August 28, 2010 | By Jessica Guynn, Los Angeles Times
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.
BUSINESS
October 25, 2008 | Ken Bensinger, Bensinger is a Times staff writer.
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.
BUSINESS
September 6, 2011 | By Jerry Hirsch, Los Angeles Times
An email war of words between tech entrepreneur Elon Musk of Tesla Motors Inc. and a prominent automotive journalist will turn into a $1-million payday for Doctors Without Borders, the international medical charity. Car reviewer Dan Neil of the Wall Street Journal and Musk have been trading oral and email barbs over whether Tesla will be able to bring out its Model S luxury electric sedan on schedule and at the claimed price. Musk is the chief executive of Palo Alto-based Tesla as well as Space Exploration Technologies Corp., the Hawthorne rocket company.
BUSINESS
February 16, 2002 | JOSH FRIEDMAN, TIMES STAFF WRITER
PayPal Inc. shares surged 55% on Friday as the online payment provider became the first Internet company to go public in almost a year and notched the strongest trading debut in nine months. Analysts warned, however, that the overall market for initial public offerings remains "anemic." They said fast-growing PayPal, a favorite of EBay Inc.'s auction Web site users, faces a cloudy future because of legal and regulatory questions.
BUSINESS
July 12, 2011 | By W.J. Hennigan, Los Angeles Times
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.
BUSINESS
December 14, 2011 | By W.J. Hennigan, Los Angeles Times
Plans for the world's largest airplane powered by six jumbo jet engines were unveiled by Seattle billionaire and Microsoft Corp. co-founder Paul Allen as part of a new commercial space venture that plans to send satellites, cargo and tourists into Earth orbit aboard a rocket ship. The new company, Stratolaunch Systems Inc., said Tuesday that it expects to bring "airport-like operations to the launch of commercial and government payloads and, eventually, human missions. " Allen, 58, wants to see the first flight within five years and declined to say how much the venture will cost, but he made clear that the program needs to move quickly now that NASA's fleet of space shuttles has been retired.
BUSINESS
July 20, 2011 | By Salvador Rodriguez, Los Angeles Times
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.
BUSINESS
December 24, 2007 | Jessica Guynn, Times Staff Writer
An offbeat a cappella group composed mostly of computer geeks, the Richter Scales have performed original ditties and pop parodies in relative obscurity for seven years. That is, until three weeks ago, when they released an online video that mocks the latest Internet frenzy sweeping Silicon Valley. "Here Comes Another Bubble," an original arrangement of Billy Joel's "We Didn't Start the Fire," pokes fun at the "monster rally all around the valley."
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