Elon Musk"s SpaceX Hits $100 Billion Valuation
The valuation of Elon Musk's SpaceX crossed $100 billion following a share sale by existing investors announced this week. CNBC reports: SpaceX has an agreement with new and existing investors to sell up to $755 million in stock from insiders at $560.....»»
Island raises $175 million at $3 billion valuation
Island announced its $175 million Series D financing. The new funding round brings Island’s valuation to $3 billion, doubling the last valuation from less than a year ago. The round was led by new investor Coatue and existing investor Sequoia Capit.....»»
Elon Musk dismisses 2 Tesla senior executives, and their staffs, in fresh job cuts, report says
Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of the new vehicles program, are said to will leave the company immediately......»»
Triangulation fraud: The costly scam hitting online retailers
In this Help Net Security interview, Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the severe financial losses resulting from triangulation fraud, estimating monthly losses to range from $660 million to $1 billion among m.....»»
NASA lays out how SpaceX will refuel Starships in low-Earth orbit
"The fundamental flow mechanism is the pressure delta across the umbilical." Enlarge / Artist's illustration of two Starships docked belly-to-belly in orbit. (credit: SpaceX) Some time next year, NASA believes SpaceX wi.....»»
Elon Musk loses at Supreme Court in case over “funding secured” tweets
Musk can't kill SEC settlement that requires pre-approval of tweets about Tesla. Enlarge / Elon Musk speaks at the Satellite Conference and Exhibition on March 9, 2020 in Washington, DC. (credit: Getty Images | Win McNamee ).....»»
Elon Musk loses appeal bid for "funding secured" case at U.S. Supeme Court
The justices turned away Musk's appeal of a lower court's decision upholding the 2018 settlement reached after he said on social media that he had "funding secured" to take Tesla private......»»
5 stars of the 2024 Beijing auto show
Nearly every domestic and international brand attended the showcase event of the Chinese auto industry. Here are the hits (and a few misses) from the show, which featured more than 100 premieres......»»
SpaceX Falcon 9 booster equals flight record, but does not land this time
SpaceX flew a first-stage Falcon 9 booster for the 20th time on Saturday, equaling a record set by another Falcon 9 booster earlier this month......»»
Tesla clears key self-driving hurdles after Musk"s trip to China, report says
Tesla will partner with Baidu for mapping and navigation functions to deploy what it calls Full-Self Driving, according to people familiar with the matter......»»
Apple TV+ hits "Slow Horses" and "Silo" honored by UK"s Bafta
Apple TV+ hits "Slow Horses" and "Silo" have two of Britain's equivalent of the Emmys, the Bafta Television Awards.Gary Oldman in "Slow Horses" (left) and Rebecca Ferguson in "Silo"Following the streamer's win last year for "Bad Sisters" and "The Ess.....»»
SpaceX Falcon 9 booster equals flight record, but no landing this time
SpaceX flew a first-stage Falcon 9 booster for the 20th time on Saturday, equalling a record set by another Falcon 9 booster earlier this month......»»
Elon Musk lands in China as Tesla seeks self-driving tech rollout; GM"s Mary Barra visited Beijing Friday
Tesla's CEO has said Tesla may make Full Self-Driving technology available to customers in China "very soon." GM CEO Mary Barra was seen at the Beijing auto show on Friday, reports say......»»
BMW to invest another $2.76 billion in China
BMW said Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker's "unwavering commitment to the Chinese market"......»»
Message-scraping, user-tracking service Spy Pet shut down by Discord
Bot-driven service was also connected to targeted harassment site Kiwi Farms. Enlarge (credit: Discord) Spy Pet, a service that sold access to a rich database of allegedly more than 3 billion Discord messages and details.....»»
BMW to invest a further $2.76 billion in key market China
BMW said Friday it planned to invest an additional 20 billion yuan ($2.76 billion) in its Shenyang production base in China, in a sign of the premium carmaker's "unwavering commitment to the Chinese market"......»»
AutoNation Q1 net income falls 34%; company to buy back $1 billion in stock
The dealership group saw continued revenue gains in financial services and service and parts revenue......»»
13-inch M3 MacBook Air hits $989, Apple Watch Series 9 from $299, CalDigit docks, more
Friday is wrapping up the work week with a fresh batch of Apple deals. The savings today takes $110 off 13-inch M3 MacBook Air at a new all-time low of $989. You can also save $100 on Apple Watch Series 9, which has the 45mm model matching its low of.....»»
5 defining moments from Tesla"s Q1 earnings
Industry analysts expected bad news from Tesla's first-quarter earnings report after weak sales. But CEO Elon Musk provided an upbeat narrative by announcing new affordable models for next year......»»
Quality woes hurt Ford earnings as GM outlook improves
Ford CEO Jim Farley said the company avoided about 12 recalls on its flagship F-150 by performing extra quality checks, but one Wall Street firm estimates the delay cost $3 billion in revenue......»»
Toyota will spend $1.4 billion to build electric 3-row SUV in Indiana
This is a different new 3-row EV from the one Toyota will build in Kentucky. Enlarge / This Toyota factory in Indiana is getting a $1.4 billion investment so it can assemble a new three-row electric SUV for the automaker. (credit.....»»