Venture capital
Tesla limits investors’ ability to sue over breach of fiduciary duties
Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters In a regulatory filing out Friday, Elon Musk-led automaker Tesla announced a change to its corporate bylaws that will limit shareholders ability to sue the company if investors believe the company’s […]
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Tech IPO market is finally showing signs of life
Yoni Assia, co-founder and chief executive officer of EToro Group Ltd., center, and Ronen Assia, co-founder of EToro Group Ltd., center left, ring the opening bell during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, May 15, 2025. Yuki Iwamura | Bloomberg | Getty Images The IPO market […]
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Tesla adds long-time Chipotle executive Jack Hartung to board of directors
Jack Hartung. Scott Mlyn | CNBC Tesla has appointed long-time Chipotle executive Jack Hartung to its board of directors, effective June 1. As part of the board, Hartung will join Tesla’s audit committee, the electric vehicle company disclosed in a filing with the SEC on Friday. The addition comes as Tesla battles sinking EV sales […]
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Elon Musk’s pro-Trump PAC failed to pay swing state petition signers, new suit alleges
Elon Musk speaks during a campaign rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden in New York City on Oct. 27, 2024. Anna Moneymaker | Getty Images Elon Musk’s America PAC didn’t keep its promise to pay swing state voters who signed a pro-Trump petition ahead of the […]
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Hinge Health aims to raise up to $437 million in IPO, pricing at $28 to $32 per share
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right). Courtesy of Hinge Health Hinge Health said in a filing on Tuesday that it plans to raise up to $437 million in its upcoming initial public offering. The digital physical therapy startup filed its initial prospectus in March, and it updated the document with an expected […]
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Millennial entrepreneur raised $2 million for a money-saving app for immigrants
Nina Mohanty, founder of Bloom Money. Bloom Money One millennial entrepreneur raised $2 million to build a financial app catered to traditional money-saving methods used by immigrant communities in the West. Silicon Valley native Nina Mohanty founded Bloom Money in 2021, a fintech app designed to support U.K.-based immigrant communities to save money collaboratively, also […]
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SpaceX gets FAA permission for fivefold increase in Starship launches from Texas
The Super Heavy booster returns to its launch pad after the SpaceX Starship continued to space after it was launched on its eighth test at the company’s Boca Chica launch pad in Brownsville, Texas, U.S., March 6, 2025. Joe Skipper | Reuters SpaceX has been granted permission by the Federal Aviation Administration to launch and […]
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Here are the SpaceX employees who were elected to run Musk’s new company town of Starbase, Texas
The SpaceX Starship sits on a launch pad at Starbase near Boca Chica, Texas, on October 12, 2024, ahead of the Starship Flight 5 test. The test will involve the return of Starship’s Super Heavy Booster to the launch site. Sergio Flores | Afp | Getty Images Over the weekend, Elon Musk got his new […]
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From ‘Cockroach Award’ to the Big Board: Hinge Health’s unlikely path to IPO
Hinge Health co-founders Gabriel Mecklenburg (left) and Daniel Perez (right). Courtesy of Hinge Health At digital physical therapy startup Hinge Health, CEO Daniel Perez used to recognize hard-working employees with the “Cockroach Award,” a distinction that brought with it a “cockroach squad” t-shirt and a cash payout. References to the insect were abundant at the […]
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Trump aims to cut $6 billion from NASA budget, shifting $1 billion to Mars-focused missions
The Trump administration has floated a plan to trim about $6 billion from the budget of NASA, while allocating $1 billion of remaining funds to Mars-focused initiatives, aligning with an ambition long held by Elon Musk and his rocket maker SpaceX. A copy of the discretionary budget posted to the NASA website on Friday said […]
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