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Defense manufacturing startup Hadrian closes 0 million funding round led by Peter Thiel’s Founders Fund

Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel’s Founders Fund

Defense manufacturing startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel’s Founders Fund and Lux Capital. The machine parts company said it will use the funding to build a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location as it looks

Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel’s Founders Fund Read More »

Uber inks six-year robotaxi deal with Lucid, invests 0 million in EV company

Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company

An autonomous robotaxi from Uber’s partnership with Lucid and autonomous vehicle startup, Nuro. Courtesy: Nick Twork | Lucid Uber on Thursday announced a partnership to deploy more than 20,000 robotaxis over the next six years as demand for driverless cars kicks into high gear. As part of the partnership, the ride-hailing company is teaming up

Uber inks six-year robotaxi deal with Lucid, invests $300 million in EV company Read More »

United Airlines issues new 2025 forecast as CEO says ‘world is less uncertain’

United Airlines issues new 2025 forecast as CEO says ‘world is less uncertain’

A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024. Kevin Carter | Getty Images United Airlines‘ second-quarter earnings beat estimates and its CEO said travel demand is picking up after a rocky start to 2025. Travel demand, particularly from more price-sensitive customers for domestic

United Airlines issues new 2025 forecast as CEO says ‘world is less uncertain’ Read More »

Joby Aviation says it is doubling production at its air taxi manufacturing hub

Joby Aviation says it is doubling production at its air taxi manufacturing hub

JoeBen Bevirt, founder and CEO of Joby Aviation, stands near an electric air taxi by Joby Aviation at the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023. Roselle Chen | Reuters Joby Aviation is ramping up its manufacturing capabilities in the U.S. as it races to roll out air taxi service

Joby Aviation says it is doubling production at its air taxi manufacturing hub Read More »

Apple makes 0 million deal with miner MP Materials for rare earths magnets

Apple makes $500 million deal with miner MP Materials for rare earths magnets

People look at iPhones at the Apple Fifth Avenue store in New York City on May 23, 2025. Adam Gray | Reuters Apple and miner MP Materials announced a $500 million deal Tuesday for rare earths magnets and the development of a recycling facility that will reinforce the iPhone maker’s U.S. supply chain. MP Materials

Apple makes $500 million deal with miner MP Materials for rare earths magnets Read More »

China’s Baidu to bring its driverless cars to Uber globally

China’s Baidu to bring its driverless cars to Uber globally

A passenger walks near Uber signage after arriving at Los Angeles International Airport in Los Angeles, California, on July 10, 2022. David Swanson | Reuters Baidu has struck a partnership with Uber to deploy its autonomous cars on the ride-hailing giant’s platform outside the U.S. and mainland China. The first deployments are expected to happen

China’s Baidu to bring its driverless cars to Uber globally Read More »

GM, LG to upgrade Tennessee plant to make low-cost EV batteries

GM, LG to upgrade Tennessee plant to make low-cost EV batteries

Ultium Cells Spring Hill, TN. September 2022. Courtesy: Ultium Cells LLC Ultium Cells, a joint venture between General Motors and LG Energy Solution, said Monday it’s upgrading its facility in Spring Hill, Tennessee, to make low-cost electric vehicle battery cells. GM said the lithium iron phosphate battery cells — abbreviated LFP based on the elements’

GM, LG to upgrade Tennessee plant to make low-cost EV batteries Read More »

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