Congress will pour billions more dollars into the Space Launch System (SLS) rocket and its associated architecture, even as NASA science missions remain vulnerable to cuts. Both the House and Senate Appropriations Committees recommend earmarking around $25 billion for NASA for the next fiscal year (FY 24), which is in line with the amount of…
Telly, the hardware startup that is giving U.S. consumers free dual screen smart TVs that are supported by advertising, announced today that it has started shipping its TVs to its first round of customers. The company says the customers in this initial wave have been invited to participate in its beta program, but did not…
The now-bankrupt crypto lending firm Celsius Network and its former CEO and co-founder Alex Mashinsky faced several lawsuits on Thursday morning from three separate American entities: The U.S. Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC). Bloomberg also reported that Alex Mashinsky, co-founder and ex-CEO of…
Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Ask Sophie: What do I need…
Tesla said the $7,500 federal tax credits for its Model 3 and Model Y electric vehicles are likely to be reduced after December 31, according to a change on the automaker’s website late Tuesday. “Customers who take delivery of a qualified new Tesla and meet all federal requirements are eligible for a tax credit up…
Lucid’s future was already cloudy, but lately the EV startup’s name is practically a misnomer. On Wednesday, Lucid told investors that it delivered 1,404 of its Air sedans during the second quarter, missing Wall Street analysts’ expectations by nearly 600 vehicle deliveries. The startup also said it built 2,173 vehicles during Q2, down from 2,314…
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show where we niche down to a single topic and dig deep. This week we had a very special guest on the podcast: Matthew Lynley. Long-time listeners will recall…
French startup Defacto has closed a new securitization fund that will be used to provide short-term loans to small and medium enterprises via an embedded, API-first approach. This is a new fund of up to €167 million ($183 million) with Citi and Viola Credit acting as the lenders. This is significant news for the startup…
Global supply chains have made the world smaller by enabling us to have virtually anything we want at the tap of a finger. But when it comes to things like verifying a physical object’s origin or its composition, those same fragmented chains and the many steps between a producer and a buyer can be an…
The U.S. government accused a cybersecurity professional of hacking a cryptocurrency exchange and stealing around $9 million in cryptocurrency, in what looks like a case of an ethical hacker turning rogue, then trying to appear ethical again. In a press release on Tuesday, the U.S. Attorney’s Office of the Southern District of New York announced…
