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Tag Archives: Breaking News: Technology

AST & Science going public through SPAC at $1.8 billion valuation

AST & Science going public through SPAC at $1.8 billion valuation

AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Special purpose acquisition company New Providence will take next-generation satellite broadband specialist AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced Wednesday. AST will …

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Astra Rocket 3.2 reaches space after launch from Alaska

Astra Rocket 3.2 reaches space after launch from Alaska

Astra launches Rocket 3.1 from Kodiak, Alaska on Sept. 12, 2020. John Kraus | Astra San Francisco-area startup Astra became the latest U.S. rocket builder to reach space on Tuesday, with the successful launch of its Rocket 3.2 vehicle from Kodiak, Alaska. The rocket came just shy of reaching orbit, with …

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A strong Peloton competitor for less money

A strong Peloton competitor for less money

Apple‘s subscription fitness app, Fitness+, launches on Monday. I’ve been using it for the past several days and I think it offers a nice variety of workouts that people will like. You need an Apple Watch to take the pre-recorded exercise classes, which are available on iPhones, iPads and the …

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Virgin Galactic SPCE stock drops after aborted spaceflight test

Virgin Galactic SPCE stock drops after aborted spaceflight test

SpaceShipTwo “Unity” on the runway after an aborted spaceflight test on Dec. 12, 2020. Virgin Galactic Virgin Galactic’s stock fell in premarket trading on Monday after the space tourism company cut short its latest spaceflight test mid-launch on Saturday due to an engine ignition issue. “The flight did not reach …

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Virgin Galactic aborts spaceflight attempt in New Mexico

Virgin Galactic aborts spaceflight attempt in New Mexico

Virgin Galactic’s carrier aircraft releases its spacecraft Unity during a glide flight test. Virgin Galactic Virgin Galactic confirmed its latest spaceflight test was cut short after its SpaceShipTwo vehicle “Unity” attempted to launch above New Mexico on Saturday. While no passengers were on board, Unity was piloted by CJ Sturckow …

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Airbnb sells shares at $68 in IPO, pricing above range

Airbnb sells shares at $68 in IPO, pricing above range

Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images Airbnb, the company that allows users to book …

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Microsoft sees gain on C3.ai investment concurrent with IPO

Microsoft sees gain on C3.ai investment concurrent with IPO

Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Viva Technology conference in Paris, France, on Thursday, May 24, 2018. Viva Tech, a three-year-old event for startups, gathers global technology leaders and entrepreneurs as the French establishment unites behind a push for more tech investment in Paris. Marlene …

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DoorDash sells shares at $102 in IPO, pricing above range

DoorDash sells shares at $102 in IPO, pricing above range

A DoorDash Inc. delivery person places an order into an insulated bag at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images DoorDash, the food delivery provider that’s seen a surge in demand during the coronavirus pandemic, sold shares in its IPO at $102 a piece, …

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SpaceX Starlink wins nearly $900 million in FCC subsidies auction

SpaceX Starlink wins nearly $900 million in FCC subsidies auction

SpaceX deploys 60 Starlink satellites in orbit. SpaceX The Federal Communications Commission awarded Elon Musk’s SpaceX with nearly $900 million worth of federal subsidies to support rural broadband customers through the company’s Starlink satellite internet network, the agency announced on Monday. SpaceX won $885.5 million in the FCC’s $9.2 billion …

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NASA will pay a company $1 to collect moon rocks

NASA will pay a company $1 to collect moon rocks

A photo of the moon taken by SpaceIL’s Beresheet spacecraft in orbit. SpaceIL NASA will pay an amazingly low price – a dollar – to have a company make a single small collection of moon dirt on the agency’s behalf. Colorado-based start-up Lunar Outpost bid $1 and won a NASA …

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‘Highly confident’ SpaceX will land humans on Mars by 2026

'Highly confident' SpaceX will land humans on Mars by 2026

Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Musk gave space fans an update Saturday evening on the status of “Starship,” the next-generation vehicle his …

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Seeks valuation of up to $35 billion

Seeks valuation of up to $35 billion

Airbnb plans to price at $44 to $50 per share in its IPO, giving it a valuation of up to $35 billion on a fully diluted basis, according to a new filing the company submitted to the SEC Tuesday. The company seeks to raise about $2.5 billion in the IPO. …

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SpaceX’s Starship test flight may be as early as Wednesday

SpaceX's Starship test flight may be as early as Wednesday

BOCA CHICA, TX – SEPTEMBER 28: Space enthusiasts look at a prototype of SpaceX’s Starship spacecraft at the company’s Texas launch facility on September 28, 2019 in Boca Chica near Brownsville, Texas. Loren Elliott | Getty Images News | Getty Images SpaceX may attempt the next test flight of its …

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Democrat on House antitrust panel sets sights on Big Pharma

Democrat on House antitrust panel sets sights on Big Pharma

After wrapping up a more than year-long investigation into Amazon, Apple, Facebook and Google, a top Democrat on the House Judiciary subcommittee on antitrust has his sights set on a new industry: Big Pharma. Rep. Joe Neguse, D-Colo., vice chairman of the subcommittee, is calling for a hearing to probe …

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GoodRx co-CEO says Amazon Pharmacy not a competitor

GoodRx co-CEO says Amazon Pharmacy not a competitor

Doug Hirsch, Co-Founder and C0-CEO of GoodRx. Heidi Petty | CNBC Shares of GoodRx, a company that finds users prescription drugs at a discount, plunged this week after Amazon announced online prescription fulfillment, but GoodRx co-CEO Doug Hirsch said investors’ fear was misguided: the two companies are “complementary,” not competitors. …

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GoodRx stock plunges after Amazon announces push into pharmacy

GoodRx stock plunges after Amazon announces push into pharmacy

GoodRx signage on the outside of the Nasdaq on the day of its IPO, September 23, 2020. Source: GoodRx Shares of GoodRx, a company that finds users prescription drugs at a discount, plunged 14% Tuesday after Amazon announced its biggest move yet into the pharmacy space. The e-commerce giant revealed Amazon …

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Here’s what you should know

Here's what you should know

The Crew Dragon Resilience spacecraft in the hangar ahead of the Crew-1 mission SpaceX CAPE CANAVERAL, Florida — SpaceX is set to make history once again this year, as Elon Musk’s space company prepares to launch the Crew-1 mission for NASA on Sunday evening. NASA and SpaceX completed the required …

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NASA certifies Elon Musk’s SpaceX to carry astronauts in Crew Dragon

NASA certifies Elon Musk's SpaceX to carry astronauts in Crew Dragon

SpaceX spacecraft Crew Dragon “Resilience” on the launchpad ahead of the Crew-1 launch for NASA. SpaceX The National Aeronautics and Space Administration on Tuesday announced it certified SpaceX’s Crew Dragon capsule and Falcon 9 rocket to carry astronauts to-and-from orbit, the first U.S. spacecraft certification by the agency since the …

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