Anduril in Talks to Raise at $100 Billion Valuation
The number that has circulated through Silicon Valley for weeks is finally attached to a negotiation. Anduril Industries is in discussions with investors for a funding round that would value…
SpaceX Deploys First V3 Starlinks, Booster Recovery Fails Again
The booster was supposed to slow down, hover over the Gulf of Mexico and splash down under control. Instead, on July 24, the Super Heavy stage of SpaceX’s Starship came…
Tesla’s Cybercab Moves From Pilot to Paid Service in Florida
The two-seat vehicle with no steering wheel and no pedals pulled into service in Orlando and Tampa this week, and with it, Tesla’s robotaxi business crossed a line it had…
Meta Shares Down Nearly 10% This Year as Q2 Report Approaches
The stock chart tells the story of the year so far: Meta Platforms shares have fallen almost 10 percent since January, a slide that has left the company trailing most…
Musk’s Boring Company Seeks $4 Billion at $20 Billion Valuation
The valuation has grown nearly fourfold in four years, and the pitch to investors has not fundamentally changed: dig tunnels, move cars underground, and build a transit network one city…
Hoffman and Pincus Found AI Lab Prentis With $100 Million in Sight
The founding team reads like a roll call of the internet’s first social era. Reid Hoffman, the LinkedIn co-founder who became one of artificial intelligence’s most visible investors, and Mark…
Two Former VW Engineers Charged Over Rivian Insider Trading
The trades were placed quietly, in accounts that did not attract immediate attention, but their timing was too precise to be coincidence. The U.S. Department of Justice has charged two…
Google Cloud Customers Spend 50% More Than They Promised
Thomas Kurian stood before analysts and investors on July 24 and offered a number that explains, in a single figure, why Google’s cloud business is growing faster than its rivals’.…
Intel Posts Fastest Revenue Growth in 15 Years
Intel’s finance team had a number it had waited a decade and a half to report. Second-quarter revenue came in at $16.1 billion, up 39 percent from a year earlier,…
Tesla’s AI Spending Spree Cuts Deep Into Profits
Tesla’s second-quarter report had a headline number investors did not want to see: free cash flow of negative $1.1 billion. Revenue reached a record, but profit fell well short of…
