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Daily Crunch: SpaceX raises $1.9 billion

Daily Crunch: SpaceX raises $1.9 billion

SpaceX raises an enormous funding spherical, Apple launches new radio stations and we overview the Samsung Galaxy Note 20. This is your Daily Crunch for August 18, 2020.

The huge story: SpaceX raises its greatest spherical but

The $1.9 billion spherical was disclosed in an SEC submitting. Bloomberg had beforehand reported that the spherical was within the works and would worth the Elon Musk-led house launch firm at $46 billion.

This comes after SpaceX efficiently accomplished the first-ever personal human spaceflight mission to take off from U.S. soil. It’s additionally in the midst of what’s prone to be a capital-intensive technique of deploying its huge Starlink satellite tv for pc constellation.

The tech giants

Amazon will add 3,500 tech and company jobs throughout six US cities — The checklist of cities consists of Dallas, Detroit, Denver, New York, Phoenix and San Diego, accounting for round 900,000 sq. toes of workplace house in all.

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Samsung Galaxy Note 20 Ultra overview — Brian Heater says it’s glorious {hardware} with an awesome digicam, at a very premium value.

Apple launches Apple Music Radio with a rebranded Beats 1, plus two extra stations — The change extra carefully associates the station with the corporate’s subscription-based streaming music service, Apple Music.

Startups, funding and enterprise capital

Chamath Palihapitiya’s subsequent huge Hustle — The investor tells TechCrunch that he has acquired Hustle, a startup backed by Insight Venture Partners, Google’s GV and Salesforce Ventures.

Attabotics raises a $50M Series C for its warehouse success robots — The spherical was led by the Ontario Teachers’ Pension Plan Board, Canada’s largest pension plan.

Movable Ink raises $30M because it expands its personalization expertise past electronic mail advertising and marketing — The firm mentioned it now works with greater than 700 manufacturers, and within the run as much as the 2020 election, its prospects embrace the Democratic National Committee.

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Advice and evaluation from Extra Crunch

The ‘proper’ strategy to downsize — Isaac Roth shares what he’s realized from years of working with startups.

Despite booming shopper demand, VC curiosity in e-commerce startups falls in 2020 — While Q2 2020 was a bit higher than Q1 for e-commerce VC outcomes, it wasn’t a lot of a comeback.

How to diagnose and deal with machine studying fashions stricken by COVID-19 — The pandemic’s impression has been significantly important on many machine studying fashions that firms use to foretell human habits.

(Reminder: Extra Crunch is our subscription membership program, which goals to democratize details about startups. You can join right here.)

Everything else

Pandemic helped drive Walmart e-commerce gross sales up 97% in second quarter — Walmart’s investments in e-commerce, together with on-line grocery supply and pickup, are persevering with to repay.

Learn how COVID-19 has disrupted the startup world — Sign up at present for an interactive webinar scheduled for August 19th at 1 p.m. Pacific.

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The Daily Crunch is TechCrunch’s roundup of our greatest and most essential tales. If you’d wish to get this delivered to your inbox each day at round 3pm Pacific, you possibly can subscribe right here.

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