Crusoe Walks Away From $1.25 Billion Boom Turbine Deal
Crusoe killed its $1.25 billion order for 29 Boom Superpower turbines, scrapping the Denver jet maker's launch partnership for its power plant business.
Section
Startups
Cornell Alum Richard Baker Turns $26 Million Ithaca Bet Into Entrepreneurs' Club
Developer Richard Baker spent $26 million on Ithaca real estate and plans to convert a dormant Cornell fraternity house into a pr…
Orienspace Targets IPO as It Banks Funding for Reusable Gravity-2 Rocket
Shandong-based launcher Orienspace has closed a pre-C round worth hundreds of millions of yuan and begun IPO coaching, aiming for…
PitPro's Robot Swaps a Full Set of Tires in Under 15 Minutes
San Francisco startup PitPro Automation installed its first tire-changing robot in Calgary. Two cube-shaped robots complete a ful…
Laura Lenz Takes Over OMERS Ventures Amid Leadership Turmoil
OMERS Ventures names Laura Lenz, a partner since 2019 and backer of Float, Hopper and Solink, as its third head in three years am…
AI House Flies In Out-of-Town VCs as 25 Seattle Startups Pitch
AI House flew in VCs from Boston, New York, Colorado and the Bay Area as 25 Seattle startups pitched, with Friday Harbor underwri…
Muju Earth's Fingernail-Sized Aeropod Cuts Tilling Costs to £100 Per Hectare
Muju Earth's seed-sized Aeropod bursts open in soil, replacing £250-£400 tilling with a £100-per-hectare alternative. UK paid fie…
Muse Tops 3.4 Million Downloads as Meta Throws Its Weight Behind the AI App
Muse passed 3.4 million downloads as Meta promoted the AI app at Connect, with daily active users up 27% after the event. Ads exp…
Instinct Eyes $10 Billion Valuation as Meta's Muse Resets the Agent Race
Instinct reportedly seeks a $10 billion valuation as Meta's Muse goes mass-market, Shopify's Muse deal lifts its stock 10%, and '…
Rev1 Ventures Names Jennifer Hankins President and CEO
Jennifer Hankins took over as Rev1 Ventures president and CEO on Sept. 14, inheriting a nonprofit whose client companies have gen…
MIT Spinout's Artificial Reef Doubled a Maldives Beach in Two Years
Coastal Assembly, an MIT spinout with $4.4M in funding, uses AI-planned concrete reefs that grew a Maldives beach by 90 feet in s…