Tag: Autos
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SpaceX’s Gwynne Shotwell had IPO doubts for years, now she has a message for investors
Gwynne Shotwell, long Elon Musk’s second-in-command at SpaceX, spoke exclusively with CNBC ahead of her company’s highly anticipated IPO.
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SpaceX raising $75 billion in record-setting IPO as Nasdaq debut awaits
SpaceX is selling 555.6 shares at $135 a piece, raising $75 billion in the largest IPO on record.
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SpaceX is way ahead of competitors with Starlink, but growth is harder heading into IPO
Heading into its IPO, SpaceX’s only profitable business is Starlink. But there are red flags for investors.
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Waymo launches premier subscription tier for $29.99 a month, starting in select cities
Waymo is offering a new subscription tier for power users, starting in San Francisco, Los Angeles and Phoenix
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Mercedes-Benz joins Europe’s defense push with anti-drone vehicle deal
Mercedes becomes the latest European carmaker to turn to the defense industry in the hope that partnerships can revive the auto industry’s ailing fortunes.
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How pandemic car shortages are still making new and used cars expensive
Pandemic-era shortages are still pushing up used car prices, and automakers learned lessons from that time that stands to keep supply tight
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GM eyes new battery chemistry to grow AI data center, energy storage business
GM is expanding efforts to capitalize on the expected growth of energy storage and data centers and the development of next-generation sodium-ion batteries.
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Rivian is betting on its R2 EV to turn the automaker into a household name like Tesla
The R2 SUV is meant to transform Rivian from a niche EV manufacturer that sells luxury vehicles into a more mainstream brand like U.S. EV leader Tesla.
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Chinese EVs may hit U.S. within a few years, one way or another
Chinese electric vehicles are likely to be sold in the U.S. within years, despite tariffs, strict laws and opposition from the auto industry and politicians.
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Google to pay SpaceX $920 million a month for compute capacity at xAI data centers
Ahead of a planned IPO, SpaceX inked a deal to rent compute capacity to Google for $920 million per month for 32 months.
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