Tag: Venture capital
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Waymo and Zoox expand into more U.S. markets as robotaxi race heats up
Waymo is bringing driverless rides to three more cities, and Amazon plans to start testing in two additional U.S. markets.
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OpenAI to end model access to Cursor after acquisition by Elon Musk’s SpaceX
OpenAI plans to end model access through Cursor on Nov. 12, citing concerns after SpaceX’s $60 billion acquisition of the coding startup.
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SpaceX plans to build a $100 billion spaceport in Louisiana
SpaceX plans will establish its Starbase LA in Vermillion Parish in order to “support thousands of launches annually.”
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Tesla recalls 3 million vehicles in China over doorhandle safety, driver monitoring
Tesla will voluntarily recall about 3 million of its vehicles in China to address doorhandle safety concerns and deficient driver monitoring systems.
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Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data
Goldman says hedge funds suffered worst underperformance vs S&P 500 in July in more than 20 years of data.
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Nvidia discloses $21 billion stake in SpaceX at end of second quarter
Nvidia’s stake in SpaceX, which came through an investment in xAI, was worth about $21 billion at the end of the second quarter.
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GAO finds Elon Musk’s DOGE inflated claims of $110 billion in savings for federal government
The nonpartisan watchdog found Elon Musk’s DOGE didn’t cut as much federal spending as it claimed and that it fell far short of its promised $2 trillion.
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SpaceX stock could face further pressure as first batch of shares unlock since IPO
With the first tranche of SpaceX shares held by insiders unlocking, the stock could see downward pressure.
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Hadrian valued at nearly $8 billion after fresh funding as money pours into defense tech
Hadrian is one of a number of defense tech startups raising large sums and benefiting from President Trump’s plans to upgrade the U.S. military.
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