Lucid Motors’ new CEO cuts 18% of staff to ‘simplify the company’
The company is also eliminating a production shift at its Arizona factory to align “production plans with anticipated demand.”
Waymo recalls nearly 4,000 robotaxis to stop them driving into highway construction zones
The company has identified at least 13 instances where its robotaxis drove into highway sections closed for construction.
Roelof Botha joins SpaceX’s board of directors
The former Sequoia Capital leader is filling an “existing vacancy” on SpaceX’s board, days after the company went public in the largest IPO ever.
Rivian cuts hundreds of workers after R2 deliveries start
The company said the cuts were part of a restructuring meant to help scale to profitability. Rivian recently pushed back its profitability goal to invest in autonomy.
SpaceX valuation balloons to $2.6T, briefly passes Amazon
SpaceX’s valuation has increased by $1 trillion since its shares started trading on Friday.
SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO
The deal is supposed to help SpaceX’s struggling AI division. The company told IPO investors it sees a $26 trillion addressable market in AI.
SpaceX’s biggest-ever IPO just grew to $85.7 billion raised
SpaceX’s IPO underwriters maxed out their share purchases, adding to an already historic amount of money raised.
SpaceX’s biggest-ever IPO just grew to $85.7 billion raised
SpaceX’s IPO underwriters maxed out their share purchases, adding to an already historic amount of money raised.
Robinhood sees ‘record-breaking’ traffic after SpaceX stock debuts
The trading platform says some customers experienced intermittent disruptions, but those issues have resolved.
Elon Musk becomes the world’s first trillionaire after SpaceX’s historic IPO
The SpaceX IPO has boosted Musk’s paper wealth to more than $1,000,000,000,000 at a time when he is more hated — and powerful — than ever.