SpaceX and Tesla Chief Executive Elon Musk said on Twitter Wednesday that he would leave President Donald Trump’s Advisory Forum should the United States withdraw from The Paris Agreement on climate change.
Mobile game publisher GameMine raises $20 million, Snap Inc. acquires drone company for $1 million, and SpaceX conducts static rocket test, creates brush fire.
Silicon Beach Report May 26: Boring Co. Releases Images of Electric Vehicle for its Proposed Tunnel Network
Boring Co. releases images of electric vehicle for its proposed tunnel network, loser of ULA’s Vulcan engine competition could lose Air Force funding, and Seriously launches series of shorts for its mobile game “Best Fiends.”
TRANSPORTATION: Pitch by Elon Musk hits city limits.
City officials are not digging Elon Musk’s plan for underground tunnels to LAX.
AVIATION: AeroVironment sees Snipe as standard issue.
AeroVironment pursues big returns from sales of its pocket-size Snipe drone to the military.
ALCOHOL: Somabar looks to button up drink orders at range of establishments.
Somabar believes its drink-making machines will mix well with eateries and other businesses.
TECHNOLOGY: Supporters cite Pokémon Go craze as strength in face of VR buzz.
Some firms see an advantage in augmented reality versus hardware-heavy virtual reality.
Faraday Future said to plan $1 billion fundraising effort, Chef’d raises $10 million, and Disney CEO Bob Iger says hacker threat to release stolen movie was a hoax.
Snapchat offering discounts to advertisers, Aerojet Rocketdyne engines to power experimental military spaceplane, and podcast search engine launched.
Silicon Beach Report May 23: Real Office Centers, Co-Working Tenants Evicted from Santa Monica Office
Real Office Centers, co-working tenants evicted from Santa Monica office, Snapchat launches custom group stories, and Pepsi to label millions of cans with Snapchat codes.
Snapchat has lead in augmented reality, Faraday Future founder steps down from CEO role at LeEco, and Hulu signs exclusive video-on-demand deal for ABC’s ‘Fresh Off the Boat.’
Snap executive promotes brand engagement, despite slow user growth, Fox developing ‘Alien’ multiplayer virtual reality game, and micro drone racing takes off in Los Angeles.
TECHNOLOGY: Gamblit raises $25 million in round as Las Vegas comes calling.
Gamblit Gaming raised a $25 million round of capital from undisclosed investors on May 9 to finance the manufacturing and development of additional touch-screen gambling machines.
Social Native raises $8 million, former Yahoo interim CEO joins SteelHouse board, and DogVacay to shut down and transition customers to Rover.
Silicon Beach Report May 17: Virtual Reality Co. to Premiere ‘Raising a Rukus’ at L.A.’s Imax VR Center
Virtual Reality Co. to premiere ‘Raising a Rukus’ at L.A.’s Imax VR Center, Surf Air receives noise complaints from residents near Santa Carlos Airport, and Team Liquid Partners with gaming analytics company Mobalytics.