TECH

Rocket Lab Stock Soars 20% on Wave of New Launch Deals

Rocket Lab Extends Its Rally With Japan Launch Contracts Rocket Lab shares continued their meteoric rise this week, climbing over 20% after a series of major contract announcements strengthened its foothold in the global launch market. The company revealed on

Verizon Taps AST SpaceMobile for Satellite-Powered Cellular Network

Satellite Service Comes to the U.S. Market Verizon is joining forces with AST SpaceMobile to bring space-based cellular broadband directly to smartphones — no special hardware or satellite phones required. The new agreement will allow Verizon customers to connect via

BlackRock Eyes $40B Data Center Deal Amid AI Boom

BlackRock’s $40B AI Infrastructure Push BlackRock’s Global Infrastructure Partners is closing in on a deal to acquire Aligned Data Centers, valuing the operator at roughly $40 billion. Aligned runs 78 data centers across 50 campuses in the U.S. and South

Tesla Sales Plunge 22% in Europe as Competition Heats Up

Tesla’s European Decline Deepens Tesla’s troubles in Europe worsened in August as sales fell 22.5% year over year, according to data from the European Automobile Manufacturers’ Association (ACEA). The company registered just 14,831 vehicles across the region, even as total

Musk’s xAI Raises $10B at $200B Valuation, Chasing AI Giants

xAI Rockets to $200B Elon Musk’s artificial intelligence startup xAI has raised $10 billion in fresh funding, giving the company a post-money valuation of $200 billion, according to reporting from CNBC’s David Faber. The raise marks a sharp leap from

Amazon Opens Fulfillment Services to Shein, Shopify, and Walmart Merchants

Amazon Extends Logistics Network to Rival Marketplaces Amazon is broadening the scope of its third-party logistics services, allowing merchants on Shein, Shopify, and Walmart to access its massive fulfillment infrastructure. The move, announced Thursday, marks a strategic expansion of Amazon’s

CoreWeave Stock Surges After $6.3 Billion Nvidia Deal Disclosure

Nvidia Commits to Multi-Billion Dollar Capacity Agreement CoreWeave (CRWV) shares surged up to 8% after the cloud infrastructure firm disclosed a $6.3 billion order from Nvidia. The agreement stems from a 2023 arrangement under which Nvidia is obligated to purchase