Venture capital
SpaceX aims for $800 billion valuation in secondary share sale, WSJ reports
Elon Musk’s SpaceX, is initiating a secondary share sale that would give the company a valuation of up to $800 billion, The Wall Street Journal reported Friday. SpaceX is also telling some investors it will consider going public possibly around the end of next year, the report said. At the elevated price, Musk’s aerospace and […]
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This is the No.1 reason startups fail in the first two years, according to the founder of Europe’s largest pre-seed fund
Concept Ventures was an early investor in billion dollar AI firm Eleven Labs. Reece Chowdhury A venture capitalist says one of the biggest reasons startups fail hinges on the relationship between co-founders. Reece Chowdhry, founding partner of Concept Ventures, said early teams often split within two years because their co-founders clash or lack a shared […]
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Allbirds, H&M and Zara use recycled yarns from this Virginia startup that’s backed by Patagonia
Fast fashion is a major environmental offender, requiring massive water consumption, and producing high carbon emissions and pollution. It also leads to a surge in microplastic and textile waste. One result has been a boom in thrifting. But recycling old clothing into new items presents a much bigger challenge. The fashion industry accounts for anywhere […]
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Tesla fans told by Dutch safety regulator to stop pressuring agency on ‘FSD Supervised’
A Tesla logo outside the company’s Tilburg Factory and Delivery Center. Karol Serewis | Getty Images Tesla is trying to get its “FSD Supervised” technology approved for use in the Netherlands. But Dutch regulators are telling Tesla fans to stop pressuring safety authority RDW on the matter, and that their efforts will have “no influence” […]
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Figure AI sued by whistleblower who warned that startup’s robots could ‘fracture a human skull’
Startup Figure AI is developing general-purpose humanoid robots. Figure AI Figure AI, an Nvidia-backed developer of humanoid robots, was sued by the startup’s former head of product safety who alleged that he was wrongfully terminated after warning top executives that the company’s robots “were powerful enough to fracture a human skull.” Robert Gruendel, a principal […]
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Luma AI raises $900 million in funding round led by Saudi AI firm Humain
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Video generation startup Luma AI said it raised $900 million in a new funding round led by Humain, an artificial intelligence company owned by Saudi Arabia’s Public Investment Fund. The financing, which included participation from Advanced Micro Devices’ venture arm and existing investors Andreessen Horowitz, […]
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Tesla obtains permit to operate ride-hail service in Arizona
A Tesla Inc. robotaxi on Oltorf Street in Austin, Texas, on June 22, 2025. Tim Goessman | Bloomberg | Getty Images Tesla has obtained a permit to operate a ride-hailing service in Arizona, the state’s department of transportation said. The electric vehicle company applied for a “transportation network company” permit on Nov. 13, and was […]
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JPMorgan Chase wins fight with fintech firms over fees to access customer data
An exterior view of the new JPMorgan Chase global headquarters building at 270 Park Avenue on Nov. 13, 2025 in New York City. Angela Weiss | AFP | Getty Images JPMorgan Chase has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests made by third-party apps […]
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Despite Coinbase departure, only 28 companies have left Delaware this year
CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, in central London, on November 27, 2023 to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images) Daniel Leal | Afp | Getty Images Elon Musk has […]
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Tesla recalls 10,500 Powerwall 2 battery systems due to overheating, fire risk
Tesla’s Powerwall 2 Source: Tesla Tesla is recalling around 10,500 units of its Powerwall 2, a backup battery for residential use, according to a U.S. Consumer Product Safety Commission disclosure out Thursday. “The lithium-ion battery cells in certain Powerwall 2 systems can cause the unit to stop functioning during normal use, which can result in […]
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