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Suborbital space tourism finally arrives | FCC prepares to run public C-band auction | The big four in the U.S. launch industry — United Launch Alliance, SpaceX, Blue Origin and Northrop Grumman — hope to be one of two providers that will receive five-year contracts later this year to launch national security payloads starting in 2022. | China’s launch rate stays high | The International Space Station is the largest ever crewed object in space.

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JD Logistics, China’s answer to Amazon’s logistics...

May 17, 2021

After operating in the red for 14 years, JD.com’s logistics subsidiary is getting ready for an initial public offering in Hong Kong. JD Logistics will price its share between HK$39.36 and HK$43.36 apiece, which could see the firm raise up to about HK$26.4 billion or $3.4 billion, according to its new filing. JD.com, Alibaba’s e-commerce rival in China, began building its own logistics and transportation network from the ground up in 2007 and spun out the unit in 2017,...

India’s Moglix valued at $1 billion in...

May 17, 2021

Moglix, an industrial business-to-business marketplace in India, said on Monday it has raised $120 million in a new financing round at $1 billion valuation, becoming the 13th firm from the world’s second largest market to attain the unicorn status this year. The startup’s Series E financing round was led by Falcon Edge Capital and Harvard Management Company (HMC). Existing investors, Tiger Global, Sequoia Capital India and Venture Highway also participated in the round, which brings Moglix‘s to-date raise to about...

Merchant commerce platform Pine Labs valued at...

May 17, 2021

Pine Labs, a startup that offers merchants payments terminals, invoicing tools and working capital, said on Monday it has completed the first close of a $285 million funding as the nearly two-decade-old firm looks to expand its business. Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management financed the new funding round, while existing investors Temasek, Lone Pine Capital and Sunley House Capital also participated in it, the Indian startup said. The new round valued...

Elon Musk giveth and taketh away

May 16, 2021

Hello friends, and welcome back to Week in Review! Last week, I wrote about Facebook’s never-ending Trump problem. This week, I’m looking at Elon Musk’s wild week of whipping crypto markets. If you’re reading this on the TechCrunch site, you can get this in your inbox from the newsletter page, and follow my tweets @lucasmtny. The big thing This week, Elon Musk may have crashed the crypto markets with a few tweets. Musk has always been anything but predictable...

Crypto and blockchain must accept they have...

May 16, 2021

Monica Long Contributor As the price of bitcoin hits record highs and cryptocurrencies become increasingly mainstream, the industry’s expanding carbon footprint becomes harder to ignore. Just last week, Elon Musk announced that Tesla is suspending vehicle purchases using bitcoin due to the environmental impact of fossil fuels used in bitcoin mining. We applaud this decision, and it brings to light the severity of the situation — the industry needs to address crypto sustainability now or risk hindering crypto innovation...

This Week in Apps: Apple talks App...

May 15, 2021

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of...

Solana, a blockchain platform followed by top...

May 15, 2021

Solana isn’t widely known yet outside of the crypto community. But insiders think the blockchain platform is interesting for a wide variety of reasons, beginning with its amiable founder, Anatoly Yakovenko, who spent more than a dozen years as an engineer working on wireless protocols at Qualcomm and who says he had a lightbulb moment at a San Francisco cafe several years ago following two coffees and a beer. His big idea centered on creating an historical record to...

Daily Crunch: Lemonade says website security flaw...

May 13, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. I interrupt your regularly scheduled Daily Crunch to announce that your regularly scheduled writer, one Alex Wilhelm, is out sick today. If the effects of his second shot subside by tomorrow, then he’ll be back with his commas. In the meantime, I have taken the reins and hope to be at least half as spirited. Let’s...

These are the 25 companies presenting at...

May 13, 2021

Enterprise-focused Alchemist Accelerator is back with another one. Today marks its 27th Demo Day, with more than two dozen companies expected to take the (virtual) stage. Coming in at 25 companies, this is Alchemist’s largest cohort so far. Meanwhile, Alchemist Director Ravi Belani tells me that applications to the accelerator have grown by more than 100%, and that their portfolio has raised a collective $1.4 billion to date. In addition to debuting its Demo Day teams, Alchemist also shared...

SpecTrust raises millions to fight cybercrime with...

May 13, 2021

Risk defense startup SpecTrust is emerging from stealth today with a $4.3 million seed raise and a public launch. Cyber Mentor Fund led the round, which also included participation from Rally Ventures, SignalFire, Dreamit Ventures and Legion Capital. SpecTrust aims to “fix the economics of fighting fraud” with a no-code platform that it says cuts 90% of a business’ risk infrastructure spend that responds to threats in “minutes instead of months.” “In January of 2020, I got a bug...

BRD’s Blockset unveils its white-label cryptocurrency wallet...

May 13, 2021

Blockset, the blockchain infrastructure platform for enterprises by BRD, announced early access to its Wallet-as-a-Service today. The white-label solution gives clients, like financial institutions, the ability to launch wallets that have the same features as BRD’s own mobile cryptocurrency wallet, which now has about 7 million users with over $20 billion assets under protection. Blockset’s clients include some of the largest ATM networks and Japanese investment bank (and BRD investor) SBI Holdings, CoinFlip, Welthee, CoinSwitch, Coinsquare and Wyre. BRD’s...

Elon Musk, Technoking of Tesla, orders a...

May 12, 2021

Tesla CEO and self-dubbed Technoking is back-peddling on the company’s stance about bitcoin and has suspended purchases of its electric vehicles with the cryptocurrency. The change of stance, which was delivered via tweet, comes just weeks after Tesla CFO and dubbed “Master of Coin” Zach Kirkhorn said the company believes in the longevity of bitcoin, despite its volatility. The tweet from Musk sent the price of bitcoin down more than 4% (and falling). The price of bitcoin is down...

Vitalik Buterin donates $1 billion worth of...

May 12, 2021

Vitalik Buterin, the creator of Ethereum, on Wednesday donated Ethereum and “meme coins” worth $1.5 billion in one of the largest-ever individual philanthropy efforts. Buterin transferred 500 ETH and over 50 trillion SHIB (Shiba Inu), a meme coin, worth around $1.14 billion at the time of transaction, to the India COVID-Crypto Relief Fund. The transaction sparked panic among some investors, contributing to over 35% drop in SHIB’s price in the past 24 hours. The meme coin, which has courted retail...

Daily Crunch: The early-stage tech talent crunch...

May 12, 2021

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. By now everyone is familiar with the tech world’s talent crunch: Developers are scarce and expensive, while data scientists are maybe even scarcer and expensiver. Some folks I’ve spoken to think that rising acceptance of remote work may help reduce the supply-demand imbalance. Hell, every early-stage startup I’ve spoken to in weeks is remote-first. Many were...

Planck, the insurance data analytics platform, raises...

May 12, 2021

Planck co-founders (from left to right): David Schapiro, CEO Elad Tsur and CTO Amir Cohen. Image Credits: Planck Planck, the AI-based data platform for commercial insurance underwriting, announced today it has raised a $20 million growth round. The funding came from 3L Capital and Greenfield Partners, along with returning investors Team8, Viola Fintech, Arbor Ventures and Eight Roads. This brings the New York-based startup’s total raised to $48 million, including a $16 million Series B it announced in June...

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