Snap Inc. sold 150,000 Spectacles, Los Angeles pet device firm draws $3.7 million investment and senators concerned about space debris and proposed SpaceX satellites colliding.
Snap Inc.’s Chief Executive Evan Spiegel said his company sold more than 150,000 pairs of its camera-equipped sunglasses, called Spectacles, reports Fortune. Spiegel said the sales have encouraged him to try other products as well, explaining: “Our view is that hardware is going to be an important vehicle for delivering our customer experience maybe in a decade.”
Petnet Inc., a privately held Los Angeles company that sells automatic pet feeders for cats and dogs, has received a $3.75 million cash infusion, according to a filing with the Securities and Exchange Commission, reports the Los Angeles Business Journal. The downtown Los Angeles company said in the filing Wednesday that it had sold more than half of a planned $6.5 million equity placement to three investors.
Amid concerns of collisions in orbit between space debris and constellations of low-earth satellites proposed by SpaceX, OneWeb, Boeing Co., and others, Senators Cory Booker of New Jersey and Dan Sullivan of Alaska wrote a letter to Federal Communications Commission Chairman Ajit Pai asking his agency to coordinate with NASA and the Federal Aviation Administration to develop a policy for limiting space junk and collisions, reports Ars Technica. Aerospace companies are proposing launching thousands of small satellites into orbit in the coming years to provide high-speed broadband on Earth.
Technology reporter Garrett Reim can be reached at firstname.lastname@example.org. Follow him on Twitter @garrettreim for the latest in L.A. tech news.