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Mercedes, Singapore's GIC to back autonomous driving firm Momenta's IPO " Bloomberg
11+ hour, 24+ min ago (245+ words) (June 27): Momenta Global Ltd, the Chinese autonomous driving start-up, has roped in carmaker Mercedes-Benz AG and Singapore wealth fund GIC Pte Ltd as cornerstone investors for its Hong Kong initial public offering (IPO), people with knowledge of the matter said....
Vending massage chair operator RNG Tech's IPO oversubscribed by 7. 77 times
1+ day, 5+ hour ago (429+ words) KUALA LUMPUR (June 26): RNG Tech Bhd, a vending massage chair operator, said its shares offered to the public have been oversubscribed by 7. 77 times ahead of the company's ACE Market listing on July 7. Investors applied for 345. 62 million shares worth RM44. 9 million for…...
Musk's Space X targets US consumers with Starlink mobile service push, FT reports
1+ day, 12+ hour ago (190+ words) BENGALURU (June 26): Space X has told investors that it plans to launch a Starlink mobile service for US consumers, the Financial Times reported on Friday, in a move that could allow the Elon Musk-led company to compete directly with Verizon,…...
China's 'future industries' push triggers flood of venture capital
2+ day, 14+ hour ago (809+ words) SHANGHAI/HONG KONG (June 25): Just two days after Space Xmade its historic market debut, a Chinese space start-up held an investor roadshow for its maiden fundraising round by touting "a mission to help China catch up with the USin the…...
Miti: Malaysia targets up to 20% aerospace growth this year
2+ day, 11+ hour ago (326+ words) SERDANG (June 25): Malaysia aims to achieve a 15%-20%revenue growth forits aerospace industry this year, driven by rising global demand for aircraft and the continued expansion of the industry's supply chain. Deputy Minister of Investment, Trade and Industry Sim Tze Tzin…...
The New Global Economy: Space X Is the New East India Company
1+ week, 14+ hour ago (257+ words) The Space X prospectus tells an ambitious, singular story: this is a high-growth technology champion that deserves to stand alongside the world's largest and most powerful companies. But history suggests another, less reassuring trajectory, because the enterprise that Space X…...
Crane builder Liftech's ACE Market IPO oversubscribed 19 times
1+ week, 1+ day ago (367+ words) KUALA LUMPUR (June 19): Liftech Group Bhd's public portion of its initial public offering (IPO) was oversubscribed by 18. 92 times ahead of the crane manufacturer's ACE Market listing. Investors applied for 314. 74 million shares worth RM91. 3 million under the public balloting portion allocated only…...
Analysis: Space X's AI fundraising campaign has just begun
1+ week, 1+ day ago (1141+ words) (June 19): When Elon Musk went into sales pitch mode ahead of the Space X initial public offering (IPO), the comparison he marshalled to justify valuing the company in the trillions of dollars, and tapping investors for tens of billions, raised…...
Space startups seek insurance for orbital AI data centres
1+ week, 1+ day ago (353+ words) NEW YORK/LONDON (June 18): Space companies have spoken with insurers about coverage for orbital AI data centres, a sign "of early progress for an experimental industry backed by Elon Musk's Space Xand Jeff Bezos' Blue Origin. Blue Origin and a…...
The Risk Factor: When markets run on empty
1+ week, 3+ day ago (656+ words) As summer begins, a detached observer of global affairs might conclude that financial markets are facing darker days. A major, energy-disrupting conflict in the Middle East has now entered its fourth month, and the cascading effects of inflationary pressures and…...