A rendering of the “Ocean Reef” space station in orbit. Blue Origin WASHINGTON – Jeff Bezos’ Blue Origin on Monday unveiled its plan for a private space station called “Orbital Reef,” which it will build in partnership with multiple space companies and expects to deploy between 2025 and 2030. Blue Origin describes the Orbital Reef station, which would be habitable …
An RS1 rocket booster is shipped out of the company’s headquarters in El Segundo, California. ABL Space Rocket builder ABL Space on Monday announced the close of a $200 million round of funding from existing investors, bumping the private company’s valuation up to $2.4 billion. ABL’s latest financing is an expansion of the round raised in March, the company said. …
A new Xpeng P7 car is shown in the Xpeng Motors flagship store in a shopping mall. Xpeng P7 is one of the two popular models of Xpeng motors. Zhang Peng | LightRocket | Getty Images GUANGZHOU, China — Chinese electric car start-up Xpeng released updates for its semi-autonomous driving system as its looks to up its challenge to Tesla …
HT Aero, an affiliate of Chinese electric carmaker Xpeng Inc., launched a new vehicle capable of flying in the air and driving on roads. The launch of HT Aero’s 6th–generation model happened at the Xpeng Tech Day on Sunday, October 24, 2021. Xpeng GUANGZHOU, China — HT Aero, an affiliate of Chinese electric vehicle maker Xpeng Inc., launched a new …
Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Lyft received reports of more than 4,000 instances of sexual assault on its ride-hailing platform between 2017 and 2019, it said, detailing the data in a safety report it had promised to publish …
Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla shares hit an all-time high on Friday, surging above $900 a share nearly two days after the company reported record revenue and profits in the third quarter. The move marks the first time …
AutoNation’s stock reached a new all-time record of more than $130 a share Thursday after the nation’s largest seller of new cars reported its sixth consecutive quarterly earnings record. AutoNation beat Wall Street’s profit and sales estimates, led by resilient consumer demand outpacing vehicle supplies due to an ongoing global shortage of semiconductor chips that has resulted in record car …
Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive investment. “The majority of our …
United Airlines on Tuesday reported higher-than-expected revenue as travel rebounded late in the third quarter but the airline didn’t give a timeline for when it would return to profitability. United posted net income of $473 million thanks to a boost from federal payroll aid. Its third-quarter sales totaled $7.75 billion compared with Wall Street analysts’ expectations for $7.64 billion and …
Less than half a year since revealing a flying vehicle prototype, Chinese electric car start-up Xpeng unveiled a second model at the Shanghai auto show in April 2021. Evelyn Cheng | CNBC GUANGZHOU, China — HT Aero, the flying car company backed by Chinese electric carmaker Xpeng Inc. and its founder, raised more than $500 million from outside investors. The …
