All posts tagged: 90M

Venus Aerospace raises M Series B to build a new kind of rocket engine

Venus Aerospace raises $90M Series B to build a new kind of rocket engine

Build a new kind of rocket engine, and the world will beat a path to your door. Or at least that’s how it’s worked out for Venus Aerospace and its Rotating Detonation Rocket Engine (RDRE), an ultra-efficient way to hurl stuff into the sky. The company was founded in 2020 by husband-and-wife duo, CEO Sassie Duggleby and CTO Andrew Duggleby, with the idea of developing clean-flying hypersonic jets for passenger travel. But after successfully demonstrating the engine last year, their plans changed. “What happened when we flew last May is the world looked at us and said, ‘oh my gosh, you have a working RDRE, would you sell us one?’ And that wasn’t what we were expecting,” Sassie Duggleby told TechCrunch. Now, the company is focused on hypersonic weapons development, replacing the solid rocket motors that power many missiles with its own thruster, and high-speed space vehicles that appeal to the military. “Our propulsion architecture combines efficiency, throttling, reusability and manufacturability in a way thatcustomers need for real defense and space missions,” Andrew Duggleby said …

Backrooms Sets A24 Record with M Opening, Obsession Making History

Backrooms Sets A24 Record with $90M Opening, Obsession Making History

Kane Parsons is the new king of the box office with Backrooms. His $10 million adaptation of his viral YouTube short film series is eyeing the biggest opening in A24 history, with at least $80 million. Rival studios even think it could go as high as $90 million. It will easily take the No. 1 spot, after landing around $38 million on Friday, including Thursday previews. It focuses on a failed architect (Chiwetel Ejiofor), who stumbles across an endless series of rooms in the furniture store he manages. The ascension of Parsons, 20, comes just two weeks after fellow YouTuber Curry Barker became the hottest 20-something filmmaker in Hollywood thanks to surprise hit Obsession. The $750,000 feature, now in its third week, is making history as the first film outside of Christmas since 1982 to increase in both its second and third weekends. It is expected to be up 19 percent from last weekend, with an estimated $28.5 million. That’s after defying box office gravity last weekend, earning an unheard of 39 percent more in …