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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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Daily Crunch: In all-stock transaction, Zoom to...

July 19, 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. Hello and welcome to Daily Crunch for July 19, 2021. In the old days, venture capital had seasons. VCs didn’t work in December, and the July-August period could be a bit hazy. Such variations have declined. Deal-making, it turns out, is now pretty much the theme for all seasons. Evidence? Just read what’s below! — Alex...

What we learned from selling a blockchain...

July 19, 2021

Mohammed Ibrahim Jega Contributor Mohammed Ibrahim Jega is the co-founder of Domineum Blockchain Solutions, a serial tech entrepreneur, startup adviser, fintech expert and blockchain advocate. A major attraction of Africa is its large population of 1.2 billion, which hints at a sizable addressable market. But what happens when your target audience is the governments of 54 countries? In our situation, that was the case. We started Domineum Blockchain Solutions with the intention to help African governments solve problems with...

Meet the startups competing in the Extreme...

July 19, 2021

There’s not much that thrills us more than a startup competition — and we mean deep down in our bones thrilled. That’s why we’re beyond excited to host the Extreme Tech Challenge (XTC) Global Finals on July 22 starting at 9:00 a.m. (PT). This event is virtual and free to attend — but you need to register for your free ticket. We’re serious when we describe this particular startup competition as extraordinary. Why? This pitch throw-down is all about...

Robinhood targets IPO valuation up to $35B...

July 19, 2021

Robinhood released an S-1/A filing detailing its first IPO price range this morning. The company first filed to go public in early July after raising billions earlier in the year. The well-known U.S. consumer fintech giant intends to sell shares in its public market debut at a price between $38 and $42 per share. Robinhood is selling 52,375,000 in its IPO, worth $2.0 billion to $2.2 billion. Another 2,625,000 are being offered by existing shareholders, while its underwriting banks...

JLL, Khosla lead Jones’ $12.5M Series A...

July 19, 2021

Commercial real estate tenants and property managers have to abide by strict liability rules that any vendor entering the property must have insurance certificates and meet other requirements. The approval process for this currently can take days and is still largely done on paper. Enter Jones. The New York-based commercial real estate startup is curating a marketplace of pre-approved vendors for tenants and property managers to find and hire the people they need in a compliant way. To continue...

US blames China for Exchange server hacks...

July 19, 2021

The Biden administration and its allies has formally accused China of the mass-hacking of Microsoft Exchange servers earlier this year, which prompted the FBI to intervene as concerns rose that the hacks could lead to widespread destruction. The mass-hacking campaign targeted Microsoft Exchange email servers with four previously undiscovered vulnerabilities that allowed the hackers — which Microsoft already attributed to a China-backed group of hackers called Hafnium — to steal email mailboxes and address books from tens of thousands...

Nigerian investment platform Chaka secures $1.5M pre-seed...

July 19, 2021

When Robinhood raised its $3 million seed round in 2013, it was a couple of months old with huge ambitions of democratizing securities access to the underserved and unserved. Robinhood has since taken the world by storm and grown to serve more than 30 million users with its zero-commission trading. In the past, we’ve seen such growth trickle down to other regions across the world, inspiring similar businesses. Robinhood is no exception. Several platforms have sprung forth to bring...

All eyes are on India’s brightest Zomato

July 17, 2021

Relevance is often tied to rarity. As a result, the first anything — whether a birthday, scientific feat or female vice president — comes with its own weight. Whether that pressure is warranted is a discussion in and of itself, but today, we’ll focus on the ripple effects of India’s first unicorn IPO: Zomato. Food delivery startup Zomato, set to start trading public shares next week, has been labeled by journalists and industry experts as India’s biggest tech public...

Daily Crunch: FedEx invests $100M in Indian...

July 16, 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. Hello and welcome to Daily Crunch for July 16, 2021. A PSA: A few of us at TechCrunch took some time this week to chat about funding rounds, covering them and how startups might stand out. If that’s your sort of thing, you can check out the chat here. OK, news time! — Alex The TechCrunch...

With open banking on the horizon, the...

July 16, 2021

Lee Li Contributor Lee Li is a project manager and B2B copywriter with a decade of experience in the Chinese fintech startup space as a PM for TaoBao, MeitTuan and DouYin (now TikTok). The fintech sector has been hugely successful (and hugely profitable) for much of the last decade, and even more so during the pandemic. But it might come as a surprise to learn that many in the industry believe that the story is just beginning and the...

India poised for record VC year as...

July 16, 2021

In case you’ve not been paying attention, we’ll say it again: The global venture capital industry is on fire. The second quarter of 2021 was the largest single three-month period on record for dollars invested. The data coming in points to a worldwide boom. The United States’ startup market had a huge Q2, and investors don’t expect the pace to slow in the country. Europe is also having one hell of a year. Around the world, 2021 is shaping...

Nym gets $6M for its anonymous overlay...

July 16, 2021

Switzerland-based privacy startup Nym Technologies has raised $6 million, which is being loosely pegged as a Series A round. Earlier raises included a $2.5M seed round in 2019. The founders also took in grant money from the European Union’s Horizon 2020 research fund during an earlier R&D phase developing the network tech. The latest funding will be used to continue commercial development of network infrastructure which combines an old idea for obfuscating the metadata of data packets at the...

Indian digital payments giant Paytm files for...

July 16, 2021

Digital payments giant Paytm, one of India’s most valuable startups, plans to raise up to $2.2 billion in an initial public offering, it said in draft papers submitted to the country’s market regulator on Friday. The Noida-headquartered firm — backed by Alibaba (which, alongside Ant Financial, owns 36% of Paytm), Berkshire Hathaway, and SoftBank (owns about 18% stake) among others — said (PDF) it will issue new shares worth $1.1 billion and offer sale worth of $1.1 billion. Paytm, which...

Daily Crunch: Gap year student secures last...

July 15, 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. Hello and welcome to Daily Crunch for July 15, 2021. Good news from the TechCrunch front: The agenda is out for our big Disrupt conference coming this September. It’s going to be flat-out amazing, frankly, so take a peek. Also, the latest EC-1 just dropped. So if you want to get the inside scoop on CockroachDB,...

Hear Startup Alley companies pitch expert VC...

July 15, 2021

We know how much you love a good startup pitch-off. Who doesn’t? It combines the thrill of live, high-stakes entertainment with learning about the hottest new thing. Plus, you get to hear feedback from some of the smartest folks in the industry, thus learning how to absolutely crush it at your next pitch meeting with a VC. With all that in mind, we’re introducing a special summer edition of Extra Crunch Live that’s all pitch-off, all the time. On...

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