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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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Software shares set new records as tech...

June 17, 2020

In another up for technology shares, software companies saw their values reach new heights today. The day’s trading comes after a sell-off last week eased some of technology companies’ rebounds from their COVID-19 lows; stocks in tech companies have more than made up for their early-year declines in mid-2020, with the Nasdaq reaching 10,000 points before giving up some ground. Today the Nasdaq Composite index rose 0.15% to 9,910.53 points, just a few bips short of its all-time highs....

Crypto Startup School: How to build projects...

June 17, 2020

Editor’s note: Andreessen Horowitz’s Crypto Startup School brought together 45 participants from around the U.S. and overseas in a seven-week course to learn how to build crypto companies. Andreessen Horowitz is partnering with TechCrunch to release the online version of the course over the next few weeks. Week five of a16z’s Crypto Startup School gets into the inner workings of crypto projects, with a focus on security and project development from the front lines. In the first video, Jutta...

Software will reshape our world in the...

June 17, 2020

Alfred Chuang Contributor As I was wrapping up a Zoom meeting with my business partners, I could hear my son joking with his classmates in his online chemistry class. I have to say this is a very strange time for me: As much as I love my family, in normal times, we never spend this much time together. But these aren’t normal times. In normal times, governments, businesses and schools would never agree to shut everything down. In normal...

Revolut expands bank account aggregation to Ireland

June 16, 2020

Fintech startup Revolut has expanded its open banking feature to Ireland. The feature first launched in the U.K. back in February. Once again, the startup is partnering with TrueLayer to let you add third-party bank accounts to your Revolut account. The feature launch also marks the launch of TrueLayer in Ireland. For now, Revolut users can only link their Revolut account with AIB, Permanent TSB, Ulster Bank and Bank of Ireland. Revolut and TrueLayer will add support to other...

Rewarding civic pride and boosting the local...

June 15, 2020

Akron, Ohio, the hometown of LeBron James and the seat of the US tire industry; the one hundred and twenty seventh largest city in the US; and the home of America’s first toy company is now the latest site of a global experiment in whether cities can use behavioral economics to help foster good citizenship. Thanks to the work of the city’s deputy mayor for integrated development, James Hardy, Akron is the first city to roll out services from...

The Station: Spin heads to Europe, Just...

June 14, 2020

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi friends and first-time readers. Welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. COVID-19 hasn’t gone away, in case you were wondering. And yet, city,...

Join us for a live Q&A with...

June 12, 2020

Extra Crunch Live, TechCrunch’s chat series for Extra Crunch members, is tacking toward founders after bringing on a host of investors: on Thursday, June 18, Plaid CEO Zach Perret will join us for a conversation. Plaid, known for APIs that connect fintech applications with users’ bank accounts, came to prominence in late 2018 when it closed a massive $250 million Series C. The round — TechCrunch’s coverage from the time is here — brought the value of the company...

Insurance data analytics platform Planck raises $16...

June 10, 2020

Planck, an AI-based data platform for insurance underwriting, announced today that it has raised a $16 million Series B led by Team8 Capital. All of the startup’s existing investors—Viola FinTech, Arbor Ventures and Eight Roads—also participated, while Nationwide and Hannover Digital Investments joined as strategic investors. Based in New York, Planck provides large insurance companies with data analytics. The startup doesn’t disclose its exact number of customers, but co-founder and CEO Elad Tsur told TechCrunch it currently works with...

M1 Finance raises $33M Series B as...

June 10, 2020

Today M1 Finance, a Chicago-based fintech startup focused on consumer finance, announced that it has closed a $33 million Series B. Left Lane Capital led the round, with participation from Clocktower Technology Ventures and Jump Capital. The firm has raised around $54.5 million to date. M1 Finance caught TechCrunch’s attention earlier in the year when it crossed the $1 billion assets-under-management (AUM) mark. When TechCrunch learned of its impending Series B, we wanted to know how fast the company...

Pinwheel is the API platform for income...

June 10, 2020

A lot of founders start building one idea and in the process, find another one that is more alluring. Perhaps the most well-known example is Tiny Speck, a game publisher of a relatively uninteresting MMORPG where the founders grew sufficiently frustrated with their internal team communications tools that they migrated from game building to designing a chatting app known as Slack. That’s the story of Pinwheel and its founders Kurt Lin, Anish Basu, and Curtis Lee. Lee, who formerly...

How can startups reinvent real estate? Learn...

June 9, 2020

Like many industries in the wake of the global pandemic, real estate seems to be completely frozen. Without viewings, housing sales are dipping; without customers, commercial leases aren’t getting signed; and without economic growth, property prices are declining as investors wait for clarity in the weeks and months ahead. On the tech side though, real estate may just be one of the most interesting verticals in which to launch a company and raise capital today. Startups have tried for...

Honda global operations halted by ransomware attack

June 9, 2020

Honda has confirmed a cyberattack that brought parts of its global operations to a standstill. The company said in a brief statement Tuesday that the attack caused production issues outside of its headquarters in Japan. “Work is being undertaken to minimize the impact and to restore full functionality of production, sales, and development activities,” according to the BBC. It follows a tweet from the company, now pinned to the top of its Twitter feed, stating that its customer service...

Halal fintech startup Wahed closes $25M led...

June 8, 2020

New York-based fintech startup Wahed (meaning “One” in Arabic) describes itself as a digital Islamic investment platform and as the world’s first “halal robo adviser.” It has now closed a $25 million investment round led by Saudi Aramco Entrepreneurship Ventures (also known as Wa’ed Ventures), a venture capital investment arm of oil giant Saudi Aramco. Existing investors BECO and CueBall Capital participated, as well as Dubai Cultiv8 and Rasameel. The funds will be used to expand internationally, including developing...

Challenger bank Bnext revamps rewards for purchases...

June 8, 2020

Spanish startup Bnext is revamping its cashback program so that you can buy from partner stores directly from the Bnext app and get some money back. The company has partnered with Button and the feature is available as an open beta. Traditional cashback portals are a bit clunky. When you find an offer that gives you 2% of your money back, you click on the offer, get redirected to the partner site and hope that your purchase will be...

Curve begins quietly testing Curve Credit, its...

June 8, 2020

Curve, the “over-the-top” banking platform that lets you consolidate all of your bank cards into a single Curve card and app, is quietly testing its planned “Klarna rival”. Dubbed “Curve Credit“, the new feature is being tested with a small number of customers ahead of a full launch later this year. It offers credit on purchases made via your Curve card, to be paid back in instalments. The idea is to offer an alternative to other types of consumer...

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