Sierra Space Raises $550 Million in Series C Funding

Vast wraps $500 million funding round as company vies for NASA space station contract

Vast Space is betting on a "leapfrog strategy" to land a phase two NASA award for the International Space Station.

Layoffs At Universal Music Group’s Mercury Studios

EXCLUSIVE: Universal Music Group’s (UMG) TV and movie studio has laid off several staff. MD Kelly Sweeney, along with a number of senior staff, have exited London-based Mercury Studios, which counts recent projects including One to One: John & Yoko, American Symphony and Prince – Sign O’ the Times. A Mercury Studios spokeswoman told us “we remain fully committed to Mercury Studios with numerous projects actively underway and a series of exci…

Sierra Space raises $550 million in Series C funding

Investment comes as company shifts toward national security programs The post Sierra Space raises $550 million in Series C funding appeared first on SpaceNews.

$2.5 Million Rift Pits Cannabis Pioneer Against Group That Backed Her

A dispute between the nonprofit Housing Works and the owner of a cannabis dispensary shows the risks for businesses in an industry that is locked out of traditional financing and resources.

Music Industry Moves: Create Music Group Completes $450 Million Fundraise, Company Valued at $2.2 Billion

Create Music Group has announced the successful completion of its latest funding round, valuing the company at $2.2 billion and securing over $450 million of new equity and debt capital to support its continued expansion. Create, which was founded in 2015, remains majority-owned by its founders, with institutional investors Ares Management, 2 Mile, and Flexpoint Ford each holding minority stakes. The financing round also included expanded bank g…