Orange County Business Journal - The Community of Business™
WEBOC’s Wealthiest 2024: JOHN TU & DAVID SUN. July 30, 2024. JOHN TU CO-FOUNDER, PRESIDENT KINGSTON TECHNOLOGY CO. DAVID SUN CO-FOUNDER, COO KINGSTON TECHNOLOGY CO. THE MONEY: Largest local consumer electronics maker, and among OC’s largest private companies by sales.
Hanwha Opens Irvine Center for Surveillance Tech
WEBAugust 5, 2024. 158. Hanwha Vision center showcases surveillance products, innovations for commercial customers. Hanwha Vision has opened an Innovation & Technology Experience Center, the South Korean conglomerate’s latest expansion in Orange County. The center, which held a grand opening on July 30 …
OC Jobless Up - Orange County Business Journal
WEBAug 16, 2024 · OC Jobless Up. OC jobless rate lower than California, U.S. The unemployment rate in Orange County rose to 4.4% in July, from a revised 4% the month before, and above the year-ago estimate of 3.6%. The July figure for OC compares with an unadjusted unemployment rate of 5.8% for California and 4.5% for the nation during the same period, according ...
Anduril Moves Further Into Defense Work
WEBJul 10, 2023 · The Adranos purchase pushes 5-year-old Anduril, founded by OC entrepreneur Palmer Luckey, into a new realm. Adranos makes solid rocket motors, which use a dry fuel that is ignited and then shoots out one end of the missile. Solid rocket motors are also used in space launch systems. “There is …
Top VC Firms Invest 47% More in Local Companies
WEBBy Peter J. Brennan. June 4, 2017. 318. Venture capital firms based in Orange County increased their local investments 47% last year, led by Toba Capital and Okapi Venture Capital. The six ranked firms made 43 deals totaling $78.3 million, up from 30 deals for $53.4 million in 2015. • No. 2, Okapi of Laguna Beach, invested in nine deals ...
New Healthcare REIT Finds Wall Street Success
WEBAug 12, 2024 · Since going public at $12 a share in February, it’s risen 38% to $16.57 and a $2.2 billion market cap (NYSE: AHR). The increase includes a 6.4% rise on Aug. 6 after reporting second-quarter results that topped analysts’ expectations. Several healthcare-focused REITs based in Orange County are doing …
Pacific Edge Hotel Sold for $80M; to Undergo Renovation
WEBAugust 12, 2024. 109. Pacific Edge, built in 1963, fronts the ocean on Sleepy Hollow Lane. A California-based hospitality investment entity with ties to the Marriott family has bought Laguna Beach’s Pacific Edge Hotel, the Business Journal has learned. The hotel has traded hands for $80 million, or $640,000 per key, in a deal making it the ...
Anduril Valuation Soars to $14B - Orange County Business Journal
WEBAug 12, 2024 · Anduril Industries has raised another $1.5 billion to build what it calls “a new paradigm in defense production.” The Series F financing, led by Peter Thiel’s Founders Fund and Sands Capital, boosts the tech-focused defense film’s valuation to $14 billion. It’s planning to use the funds to invest in what it calls “Arsenal,” a software platform that will churn out weapons at a 5 ...
Edwards Drops 31% After Forecast - Orange County Business Journal
WEBAug 5, 2024 · Edwards Lifesciences Corp., the largest medical device maker based in Orange County, saw its value plunge $16.5 billion in one day after unexpectedly slashing its sales outlook for its largest business unit.Shares in the Irvine-based manufacturer of heart stent valves fell 31% on July 24 following a guidance cut for its transcatheter aortic valve replacement unit
Virgin Galactic Catering to 300K Would-Be Astronauts
WEBAugust 19, 2024. 117. Virgin Galactic’s Delta spaceship will increase passengers from 4 to 6. About 300,000 people want to be astronauts and are willing to pay for a few minutes of floating in space, according to Virgin Galactic Holdings. The Tustin-based space tourism company is setting out to capture about 1,650 passengers annually.
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