Letara, a Hokkaido University spinout, has raised about ¥2.6bn, roughly $16mn, for hybrid rocket engines that use plastic as fuel and are not legally classified as explosives. Germany’s HyImpulse raised €45mn for the same approach last October. A Japan…
Letara, a Hokkaido University spinout, has raised about ¥2.6bn, roughly $16mn, for hybrid rocket engines that use plastic as fuel and are not legally classified as explosives. Germany’s HyImpulse raised €45mn for the same approach last October. A Japan…
Anthropic could raise around $100bn in a listing as early as October, exceeding SpaceX’s record, with backers modelling a valuation of at least $2tn. The Financial Times reports that senior executives have not set a valuation target even privately. Ant…
Aptera has partnered with Shanghai’s Launch Design on a manufacturing programme worth up to $44mn, covering tooling, testing and pilot production. Aptera pays two-thirds of the costs, while its latest filing reports $10.1mn in cash and substantial doub…
Astromech has raised $20mn at a $3.8 billion valuation to build AI that predicts how living systems will change. The company says its models learn from 3.8 billion years of biological history. The valuation and the training window are the same number, …
Starcloud has raised $250mn to put AI compute in orbit, and a large part of the money is earmarked for rockets it cannot yet book. The Series A extension values the company at $2.3bn post-money, the company said. Its total raised now stands at $450mn. …
Nvidia is in early talks with the Korean AI chip designer Rebellions about a technical partnership, an investment or possibly an acquisition, Bloomberg reported on Friday. Jensen Huang met Rebellions co-founder and chief executive Sunghyun Park at Nvid…
Broadcom is in talks with lenders to raise more than $60bn in debt, Bloomberg reported on Thursday. The money would finance AI chips for Anthropic and other companies. Bloomberg cited people with knowledge of the matter. The figures under discussion co…
Nvidia has agreed to pay Poolside $6bn to license the software the startup used to build AI models, and to offer jobs to 109 of its staff. It is also investing $1bn in what remains, at a $12bn pre-money valuation. The terms come from a letter Poolside …
Castelion has raised $1bn at a $13bn valuation. Three SpaceX executives founded the company in 2022 to build missiles. Its first product is Blackbeard, a hypersonic strike weapon designed for quantity rather than craft. The structure repays a close rea…