Future Space Coast Launches Require Backup Plans After the SpaceX Starship Destroyed the Texas Launch Pad
Elon Musk said teams could be prepared to try another Starship launch in as little as one to two months after the most powerful rocket…
International Business
In its First Quarter, Fintech Firm Klarna Cut its Net Loss in Half as it Pushes Toward Profitability
After a massive cost-cutting push, the Swedish buy now, pay later fintech business Klarna saw a significant improvement in its bottom line, halving its net…
As the Proxy Battle Intensifies, Illumina Implores Shareholders to Reject Carl Icahn’s Board Nominations
In a letter to shareholders on Thursday (March 30, 2023), Illumina warned that Carl Icahn’s three board nominees would “threaten the progress” of the biotech…
SVB’s Fall is a Double Blow to Digital Entrepreneurs Already Coping With a Challenging Market
After his cloud software business closed a $20 million fundraising round in late January, ChartHop CEO Ian White heaved a sigh of relief. Six months…
Silicon Valley Bank Confiscation Leaves a Major Vacancy and a Large Opportunity in the Field of Climate Financing
For startups looking for lenders who understood the startup life and balance sheets, Silicon Valley Bank (SVB) was the go-to institution. This was particularly true…
How Startup Executives Handled SVB’s Collapse and Braced Themselves for the Worst
EarthOptics CEO Lars Dyrud acted swiftly after turning on CNBC last Thursday to see SVB’s stock price tanking and reports of venture firms advising entrepreneurs…
Before this Month’s Fire, Ford Forewarned Certain F-150 Lightning Owners of a Different EV Battery Issue
The Ford F-150 Lightning caught fire earlier this month due to a faulty battery, but that isn’t the only issue the Detroit automaker has recently…
A New $2 Billion Financing is Obtained by Redwood Materials for the Construction of a Battery-Recycling Factory in Nevada
The Department of Energy has committed a $2 billion loan to Redwood Materials, the department announced on Thursday (February 9, 2023) through its loan programs…
In an Effort to Green the $1.6 Trillion Steel Business, Microsoft and ArcelorMittal Support an MIT Spinout
The steel industry refers to the production of steel, which is one of the most important and widely used materials in the world. Steel is…
Expanded EV Tax Incentives by the Biden Administration Benefit Tesla, Cadillac, and Others
In order to make more electric vehicles from Tesla, General Motors, and other automakers eligible for up to $7,500 in federal tax credits at higher…
AMD Reports Strong Sales and Profits but Foresees a 10% Drop in Revenue in the First Quarter
AMD topped Wall Street estimates for sales and profit when it released its fourth-quarter results on Tuesday (January 31, 2023), but it also gave analysts…
Why Ticketmaster and Live Nation Control the Live Entertainment Industry
Ticketmaster and Live Nation are two major companies in the live entertainment industry. Ticketmaster is a ticket sales and distribution company that provides a platform…
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