December 12, 2013 |
Historic Old Pasadena, a restored section of the city's downtown bustling with shops and restaurants, is getting more high-tech. Three older buildings at a busy intersection on Raymond Avenue will be transformed into a hub for budding technology firms in a real estate development backed by a prominent Silicon Valley entrepreneur and investor. David Sacks, who was instrumental in the launch of two $1-billion Internet companies, has joined Los Angeles developer Rising Realty Partners in a project to turn three century-old buildings into offices for tech firms.
April 22, 2003 |
In his native South Africa, science whiz Elon Musk struck his first business deal when he made $500 selling the code for a "Space Invaders"-style video game he invented. He was 12. It took only another decade or so for him to make some real money: By age 23 Musk had his first significant company in Web software maker Zip2. He banked $22 million when he sold it in 1999 to Compaq Computer. And last year, he pocketed about $150 million in EBay Inc.
June 7, 2013 |
The gig: Gwynne Shotwell, 49, is president and chief operating officer of SpaceX, the Hawthorne company that builds rockets and space capsules to resupply the International Space Station for NASA. Shotwell is No. 2 at the pioneering company behind founder and chief executive Elon Musk. She is responsible for day-to-day operations and managing customer relationships and company growth. Shotwell, with a sunny demeanor and a blunt way of speaking, is often responsible for updating the media on SpaceX's missions while they're happening.
March 5, 2014 |
Los Angeles billionaire Elon Musk, chief executive of Hawthorne rocket maker SpaceX, testified before Congress that the U.S. Air Force and other agencies are paying too high a price to launch its most valuable satellites into orbit. The government pays billions to a sole provider to launch nearly all of its spy satellites and other high-profile spacecraft, without seeking competitive bids. That provider is United Launch Alliance, a joint venture of aerospace behemoths Lockheed Martin Corp.
April 27, 2007 |
Space Exploration Technologies Corp., a start-up seeking to slash the cost of coursing through the cosmos, has been granted a five-year license to launch rockets from Cape Canaveral Air Force Station in Florida, the Air Force said. The approval could help El Segundo-based SpaceX, as the privately held company is known, compete with Orbital Sciences Corp., which develops small space systems, and later with the bigger rockets of Europe's Arianspace and the United Launch Alliance.
December 13, 2013 |
Hawthorne rocket maker SpaceX is a step closer to taking over NASA's most historic launchpad, where the mighty Saturn V rocket made its moonshot and where the first space shuttle rumbled to life. The space agency confirmed Friday that it has chosen SpaceX to begin negotiations on a lease to operate Launch Complex 39A at the Kennedy Space Center in Florida. The pad is where Apollo 11 lifted off in 1969 en route to the first manned moon landing. It is also where the first space shuttle mission in 1981 and the last mission in 2011 were launched.