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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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How VCs invested in Asia and Europe...

January 22, 2021

Wrapping our look at how the venture capital asset class invested in 2020, today we’re taking a peek at Europe’s impressive year, and Asia’s slightly less invigorating set of results. (We’re speaking soon with folks who may have data on African VC activity in 2020; if those bear out, we’ll do a final entry in our series concerning the continent.) After digging into the United States’ broader venture capital results from last year with an extra eye on fintech...

MotoRefi raises $10M to keep pedal on...

January 22, 2021

A month before the COVID-19 pandemic had spread to North America, auto fintech startup MotoRefi — newly armed with nearly $9 million in venture capital — was preparing to bring its refinancing platform to the masses. CEO Kevin Bennett, and the investors behind the company, saw the opportunity to service Americans who collectively hold $1.2 trillion in auto loans. What they didn’t anticipate was the sudden uptick in demand fueled by COVID-19 and the uncertainty and chaos that the...

Google threatens to close its search engine...

January 22, 2021

Google has threatened to close its search engine in Australia — as it dials up its lobbying against draft legislation that is intended to force it to pay news publishers for reuse of their content. Facebook would also be subject to the law. And has previously said it would ban news from being shared on its products owing if the law was brought in, as well as claiming it’s reduced its investment in the country as a result of...

China’s draft payments rules put Ant, Tencent...

January 22, 2021

A string of recent events in China’s payments industry suggests the duopoly comprising Ant Group and Tencent may be getting a shakeup. Following the abrupt call-off of Ant’s public sale and a government directive to reform the firm’s business, the Chinese authorities sent another message this week signaling its plan to curb concentration in the flourishing digital payments industry. The set of draft rules, designed to regulate non-bank payments and released by the People’s Bank of China (PBOC) this...

The only take about the future of...

January 21, 2021

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we — Natasha and Danny and Alex and Grace — had more than a little to noodle over, but not so much that we blocked out a second episode. We try to stick to our current format, but, may do more shows in the future. Have a thought about that? equitypod@techcrunch.com is your friend and we are listening. Now! We took a broad approach this week, so...

Daily Crunch: Apple might be working on...

January 21, 2021

A new report suggests there’s a pricey Apple VR headset in the works, Facebook’s Oversight Board will examine one of the social network’s most consequential decisions and we review the Samsung Galaxy S21 Ultra. This is your Daily Crunch for January 21, 2021. The big story: Apple might be working on a VR headset Apple is developing a standalone virtual reality headset that could debut in 2022, according to Bloomberg. The headset is supposed to include a processor more...

How Bitcoin is helping middle-class users survive...

January 21, 2021

Leigh Cuen Contributor Share on Twitter Leigh Cuen is a reporter in New York City. Her work has been published by Vice, Business Insider, Newsweek, Teen Vogue, Al Jazeera English, The Jerusalem Post, and many others. Follow her on Instagram at @leighcuen. More posts by this contributor Bitcoin advocates revolt against the Trump administration’s frantic crypto regulations Regulators may still want to imply Bitcoin is merely a tool for criminals, but for many middle-class users, it’s proving to be...

Plaid launches FinRise, an incubator for underrepresented...

January 21, 2021

Plaid is launching FinRise, a nine-month incubator for early-stage fintech founders from underrepresented backgrounds. Inspired by an internal hackathon amid Black Lives Matter protests last summer, the accelerator is explicitly looking at startups led by Black, Indigenous, and People of Color (BIPOC). Plaid Growth Manager Nell Malone and Design Manager Bhargavi Kamakshivalli are spearheading the project. Malone tells TechCrunch that the incubator is looking to accept three to five post-seed and pre-Series B tech startups with a product in...

Israel’s startup ecosystem powers ahead, amid a...

January 21, 2021

Released in 2011 “Start-up Nation: The Story of Israel’s Economic Miracle” was a book that laid claim to the idea that Israel was an unusual type of country. It had produced and was poised to produce, an enormous number of technology startups, given its relatively small size. The moniker became so ubiquitous, both at home and abroad, that “Israel Startup Nation” is now the name of the country’s professional cycling team. But it’s been hard to argue against this...

Eight Roads Ventures Europe appoints Lucile Cornet...

January 21, 2021

Lucile Cornet has been appointed Partner with Eight Roads Ventures Europe, a firm focusing on startups in Europe and Israel. Cornet is its first female Partner. Eight Roads is backed by Fidelity and has over $6 billion assets under management globally. Cornet will be focusing on the software and fintech sectors and previously led a number of investments for the firm, having risen from Associate to Partner within five years. It’s an out of the ordinary career trajectory when...

Fintech startups and unicorns had a stellar...

January 20, 2021

The fourth quarter of 2020 was as busy as you imagined, with super late-stage startups reaching new valuation thresholds at a record pace, and total venture capital funding in the United States recording its second-best result of all time. That’s according to data released recently by CB Insights, which complements our look back at 2020’s venture capital year in America from yesterday. At the time, we noted that American startups raised an average of $428 million each day last...

Alibaba shares jump on Jack Ma’s first...

January 20, 2021

Alibaba’s billionaire founder resurfaced as he spoke to 100 rural teachers through a video call, three months after his last public appearance in October, sending the e-commerce firm’s shares up more than 8% in Hong Kong. A recording of the call was first posted on a news portal backed by the government of Zhejiang, the eastern province where Alibaba is headquartered, and the video was verified by an Alibaba spokesperson. Speculations swirled around Ma’s whereabouts after media reported in...

Brave web browser adds native support for...

January 19, 2021

The decentralized tech community is aiming to find support for technologies that go beyond cryptocurrency support. In a blog post today the team at Brave announced that they have worked with Protocol Labs to integrate native support for the InterPlanetary File System (IPFS) inside their browser. The peer-to-peer file-sharing standard launched in 2015 and has been gathering support among open-source advocates who laud the protocol’s ability to stop companies and government bodies from taking down content across the web,...

In 2020, VCs invested $428M into US-based...

January 19, 2021

Despite a pandemic that sparked a global recession, 2020 was still a record year for venture capital investments into American startups. According to data shared by PitchBook and the National Venture Capital Association, investors poured $156.2 billion into domestic startups last year, or around $428 million for each day of the year. The huge sum of money, however, was itself dwarfed by the amount of liquidity that American startups generated, some $290.1 billion. The Exchange explores startups, markets and...

WeChat advances e-commerce goals with $250B in...

January 19, 2021

WeChat continues to advance its shopping ambitions as the social networking app turns 10 years old. The Chinese messenger facilitated 1.6 trillion yuan (close to $250 billion) in annual transactions through its “mini programs,” third-party services that run on the super app that allow users to buy clothes, order food, hail taxis and more. That is double the value of transactions on WeChat’s mini programs in 2019, the networking giant announced at its annual conference for business partners and...

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