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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.

 
The Exchange: IPO season, self-driving misfires and...
Welcome to The TechCrunch Exchange, a forthcoming weekly newsletter from the TC crew about startups, money, and markets. You can sign up for it here, and receive it regularly when it formally launches in a few weeks. You can email me about it here, or talk to me on Twitter. Let’s go! In the last week there were 23 rounds worth $50 million in the world, according to Crunchbase data. The rounds were worth a total of $3.72 billion,...

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Here are the winners of The Europas...
Last year The Europas Awards for European Tech Startups was held at a sunny garden party next to a historic museum in London. Last night, because of the global Coronavirus pandemic, it was held over Zoom. But the enthusiasm and success of Europe’s tech startup industry still shone through the list of finalists and winners. After 11 years of identifying the most innovative tech startups in Europe (past winners have included Spotify, Transferwise, Soundcloud, and Babylon Health) The Europas...

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Luckin Coffee will unluckin’ly delist from Nasdaq...
It was one of the fastest growing startups in modern history and one of the most anticipated IPOs of 2019. But now, following the company’s disclosure of a potential fraud of hundreds of millions of dollars, Luckin’s journey is starting to meet its end. The company, in a statement today filed with the SEC, said that it would not contest Nasdaq’s decision to delist the company after having received two notifications in recent weeks of the stock exchange’s desire...

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Extra Crunch Live: Join Alexa von Tobel...
Entrepreneurs-turned-investors are in a truly unique position in the tech world, with experience on both sides of the table and unique insights into how businesses should operate and grow. Alexa von Tobel takes that breadth of experience and those unique insights to a new level, as a founder who has pretty much exclusively started her ventures in the midst of a recession. So it should come as no surprise that we’re absolutely amped to be sitting down (virtually, of...

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Crypto Startup School: The legal and fundraising...
Zoran Basich Contributor Zoran Basich is the crypto editor for Andreessen Horowitz. More posts by this contributor Crypto Startup School: The legal and fundraising implications of crypto tokens Crypto Startup School: How to build projects and keep them safe     Editor’s note: Andreessen Horowitz’s Crypto Startup School brought together 45 participants from around the U.S. and overseas in a six-week course to learn how to build crypto companies. Andreessen Horowitz partnered with TechCrunch to release the online version of the...

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Unpacking the nCino and GoHealth IPO filings
It’s IPO season in the United States, despite market volatility in recent months and historical blockers like an impending election. Given the public market’s return to form since March lows — paticularly the outperformance of the Nasdaq index and other tech shares — some venture-backed companies are trying to get out while the new offerings are welcome. The Exchange is a daily look at startups and the private markets for Extra Crunch subscribers; use code EXCHANGE to get full...

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Zopa granted full UK bank license as...
Zopa, the 15-year-old peer-to-peer lending company, is announcing that it has been awarded its full U.K. bank licence, as it gears up to launch a fixed-term savings account, followed by a credit card. Dubbed “Zopa Bank,” the new challenger bank will sit alongside its existing peer-to-peer lending business, under Zopa Group, creating what the veteran fintech previously described as the first hybrid peer-to-peer and digital bank offering. Zopa had provisionally acquired a U.K. bank license in December 2018 “with restrictions,”...

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Plaid’s Zach Perret: ‘Every company is a...
The fintech revolution is just getting started. At least that’s the impression we got after a conversation with Plaid co-founder Zach Perret. He appeared on Extra Crunch Live last week to talk about his company’s announced exit to Visa and the larger fintech landscape. Perret and Plaid announced a deal to sell the company to Visa earlier this year for $5.3 billion, a transaction that highlighted the company’s central position in the fintech world. Plaid provides APIs that link consumer...

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Amidst Robinhood’s planned service changes, a tension...
Robinhood’s growth as an ultra low-cost way to invest has shaken up fintech. Fueled by hundreds of millions of external cash, the no-fee trading platform has forced domestic competitors to slash their fees, spawned international competition, and, in the eyes of some, helped propel the recent equities boom. The company’s success in driving growth has led to surging revenues. As The Block recently reported, some Robinhood filings (here and here) show that the company earned “nearly $100 million in...

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After its billion-euro implosion, Wirecard’s former CEO...
German police have arrested Markus Braun, the former chief executive of the Munich-based fintech company Wirecard, for fraud, prosecutors in Munich said on Tuesday. Braun turned himself into German authorities on the same day Wirecard admitted that $2.1 billion the company had reported on its balance sheet did not exist. He has since been released on €5 million bail. That revelation came three days after Braun resigned as the chief executive of the company he led for more than...

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Startups Weekly: Which investor wrote the first...
Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7am PT). Subscribe here. Which startups investors are actually first to backing the best companies? If you know this information before fundraising, you can avoid pitching investors who were always going to tell you that you’re “too early” anyway. The problem is that everyone claims credit for success, and by the time you pick through databases, investor sites, blogs, tweets and...

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It’s not just about e-mail, stupid
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Your humble Equity team is pretty tired but in good spirits, as there was a lot to talk about this week. But, first, three things to start us off: All that said, here’s what we talked about on the show: Epic Games is looking to raise a huge stack of cash (Bloomberg, VentureBeat) at a new, higher valuation. We were curious about...

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Fintech’s savings and investing boom isn’t just...
The COVID-19 pandemic disrupted consumer and corporate behavior across the board. Some changes were obvious and quick, like cuts to business travel leading to layoffs at companies that served that space. Other changes have been more surprising. One such new trend has been rising interest in savings and investing applications, the type of service fintech startups offer  consumers. TechCrunch has covered this trend, noting a number of American fintech and finservices seeing hugely rising user activity and revenue. Robinhood,...

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Vivid is a new challenger bank built...
Meet Vivid, a new challenger bank launching in Germany that promises low fees and an integrated cashback program. The two co-founders Alexander Emeshev and Artem Yamanov previously worked as executives for Russian bank Tinkoff Bank. Vivid doesn’t try to reinvent the wheels and is building its product on top of well-established players. It relies on solarisBank for the banking infrastructure, a German company with a banking license that provides banking services as APIs to other fintech companies. As for...

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Join us for a live Q&A with...
Later today, TechCrunch’s Extra Crunch Live series is sitting down with Plaid CEO Zach Perret. Extra Crunch members can tune in at 10 a.m. PDT/1 p.m. EDT/5 p.m. GMT. The livestream links and scheduling links are below for your use. Extra Crunch Live has previously spoken with investors like Sequoia’s Roelof Botha, business celebrity Mark Cuban and entrepreneurs like Eventbrite’s CEO and co-founder Julia Hartz. Perret, however, is unique in that he’s joining us after a multibillion dollar deal to...

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