2 months ago
By Akash Sriram
Sept 16 (Reuters) - Impulse ***** e has raised $308 million in an extension of the Series D funding round, the startup building ***** ecraft to move satellites and other payloads said on Wednesday, as it looks to serve a backlog from commercial and government customers.
The extension valued the company at $5.6 billion, according to a source close to the company. ***** eX's $86 billion IPO in June has bolstered investor enthusiasm for the ***** e sector, helping improve the fundraising environment for companies such as Impulse.
The extension brings Impulse's Series D financing to $808 million, following a $500 million round announced in June that valued the company at $4.26 billion.
The company also hired Vizio executive Adam Townsend as chief financial officer, as it scales production and works to turn a growing backlog of government and commercial contracts into revenue.
#impulse #space
Sept 16 (Reuters) - Impulse ***** e has raised $308 million in an extension of the Series D funding round, the startup building ***** ecraft to move satellites and other payloads said on Wednesday, as it looks to serve a backlog from commercial and government customers.
The extension valued the company at $5.6 billion, according to a source close to the company. ***** eX's $86 billion IPO in June has bolstered investor enthusiasm for the ***** e sector, helping improve the fundraising environment for companies such as Impulse.
The extension brings Impulse's Series D financing to $808 million, following a $500 million round announced in June that valued the company at $4.26 billion.
The company also hired Vizio executive Adam Townsend as chief financial officer, as it scales production and works to turn a growing backlog of government and commercial contracts into revenue.
#impulse #space
2 months ago
By Akash Sriram
Sept 16 (Reuters) - Impulse ***** e has raised $308 million in an extension of the Series D funding round, the startup building ***** ecraft to move satellites and other payloads said on Wednesday, as it looks to serve a backlog from commercial and government customers.
The extension valued the company at $5.6 billion, according to a source close to the company. ***** eX's $86 billion IPO in June has bolstered investor enthusiasm for the ***** e sector, helping improve the fundraising environment for companies such as Impulse.
The extension brings Impulse's Series D financing to $808 million, following a $500 million round announced in June that valued the company at $4.26 billion.
The company also hired Vizio executive Adam Townsend as chief financial officer, as it scales production and works to turn a growing backlog of government and commercial contracts into revenue.
#company
Sept 16 (Reuters) - Impulse ***** e has raised $308 million in an extension of the Series D funding round, the startup building ***** ecraft to move satellites and other payloads said on Wednesday, as it looks to serve a backlog from commercial and government customers.
The extension valued the company at $5.6 billion, according to a source close to the company. ***** eX's $86 billion IPO in June has bolstered investor enthusiasm for the ***** e sector, helping improve the fundraising environment for companies such as Impulse.
The extension brings Impulse's Series D financing to $808 million, following a $500 million round announced in June that valued the company at $4.26 billion.
The company also hired Vizio executive Adam Townsend as chief financial officer, as it scales production and works to turn a growing backlog of government and commercial contracts into revenue.
#company
3 months ago
AI's infrastructure boom has already been running at a staggering pace, and this week it received a further $500 billion vote of confidence from Wall Street's biggest names.
Nvidia signed memorandums of understanding with six of the world's largest ******* et managers and investment banks, including Blackstone, KKR and Apollo Global Management, to raise the capital to fund what it is calling "AI factories."
While not guaranteed, the deal signals that demand for AI infrastructure is showing no signs of slowing. VCs are backing that same buildout by funding the semiconductors that power it.
Global funding for AI and machine learning semiconductors reached $14.1 billion in the first half of the year, according to PitchBook's latest AI Report, on track to surpass last year's annual total by almost 50%. Both Q1 and Q2 this year are the two highest quarters on record for investment. Deal count is also projected to land above 2025's figure.
"AI is not just a tool, it redefines technology," Sriram Viswanathan, founding managing partner of deep tech VC firm Celesta Capital, said. "If you accept the notion that everything is going to change, the question is, what is the tip of the spear? That is semiconductors, because that powers everything."
#Semiconductors #infrastructure #billion
Nvidia signed memorandums of understanding with six of the world's largest ******* et managers and investment banks, including Blackstone, KKR and Apollo Global Management, to raise the capital to fund what it is calling "AI factories."
While not guaranteed, the deal signals that demand for AI infrastructure is showing no signs of slowing. VCs are backing that same buildout by funding the semiconductors that power it.
Global funding for AI and machine learning semiconductors reached $14.1 billion in the first half of the year, according to PitchBook's latest AI Report, on track to surpass last year's annual total by almost 50%. Both Q1 and Q2 this year are the two highest quarters on record for investment. Deal count is also projected to land above 2025's figure.
"AI is not just a tool, it redefines technology," Sriram Viswanathan, founding managing partner of deep tech VC firm Celesta Capital, said. "If you accept the notion that everything is going to change, the question is, what is the tip of the spear? That is semiconductors, because that powers everything."
#Semiconductors #infrastructure #billion
3 months ago
AI's infrastructure boom has already been running at a staggering pace, and this week it received a further $500 billion vote of confidence from Wall Street's biggest names.
Nvidia signed memorandums of understanding with six of the world's largest ****** et managers and investment banks, including Blackstone, KKR and Apollo Global Management, to raise the capital to fund what it is calling "AI factories."
While not guaranteed, the deal signals that demand for AI infrastructure is showing no signs of slowing. VCs are backing that same buildout by funding the semiconductors that power it.
Global funding for AI and machine learning semiconductors reached $14.1 billion in the first half of the year, according to PitchBook's latest AI Report, on track to surpass last year's annual total by almost 50%. Both Q1 and Q2 this year are the two highest quarters on record for investment. Deal count is also projected to land above 2025's figure.
"AI is not just a tool, it redefines technology," Sriram Viswanathan, founding managing partner of deep tech VC firm Celesta Capital, said. "If you accept the notion that everything is going to change, the question is, what is the tip of the spear? That is semiconductors, because that powers everything."
#Semiconductors #deal #infrastructure
Nvidia signed memorandums of understanding with six of the world's largest ****** et managers and investment banks, including Blackstone, KKR and Apollo Global Management, to raise the capital to fund what it is calling "AI factories."
While not guaranteed, the deal signals that demand for AI infrastructure is showing no signs of slowing. VCs are backing that same buildout by funding the semiconductors that power it.
Global funding for AI and machine learning semiconductors reached $14.1 billion in the first half of the year, according to PitchBook's latest AI Report, on track to surpass last year's annual total by almost 50%. Both Q1 and Q2 this year are the two highest quarters on record for investment. Deal count is also projected to land above 2025's figure.
"AI is not just a tool, it redefines technology," Sriram Viswanathan, founding managing partner of deep tech VC firm Celesta Capital, said. "If you accept the notion that everything is going to change, the question is, what is the tip of the spear? That is semiconductors, because that powers everything."
#Semiconductors #deal #infrastructure
3 months ago
By Harshita Mary Varghese and Akash Sriram
Aug 4 (Reuters) - ***** eX's ambition to build a full-fledged mobile service rattled investors in the U.S. wireless sector, as the company outlined plans that could eventually pit Starlink against industry leaders Verizon, AT&T and T-Mobile.
SpaceX acquired 65 megahertz of wireless spectrum licenses from EchoStar for a total of $19.6 billion through two deals announced last year, giving Starlink airwaves to expand into mobile services.
"The spectrum that we purchased from EchoStar does have terrestrial components, so we definitely intend to build out terrestrial," ***** eX President Gwynne Shotwell said during a post-earnings call on Tuesday.
Shotwell said the company will build the infrastructure needed to make Starlink "a true mobile service" and expects to win "quite a few" customers from the Big Three wireless carriers.
#echostar #company
Aug 4 (Reuters) - ***** eX's ambition to build a full-fledged mobile service rattled investors in the U.S. wireless sector, as the company outlined plans that could eventually pit Starlink against industry leaders Verizon, AT&T and T-Mobile.
SpaceX acquired 65 megahertz of wireless spectrum licenses from EchoStar for a total of $19.6 billion through two deals announced last year, giving Starlink airwaves to expand into mobile services.
"The spectrum that we purchased from EchoStar does have terrestrial components, so we definitely intend to build out terrestrial," ***** eX President Gwynne Shotwell said during a post-earnings call on Tuesday.
Shotwell said the company will build the infrastructure needed to make Starlink "a true mobile service" and expects to win "quite a few" customers from the Big Three wireless carriers.
#echostar #company
3 months ago
By Akash Sriram
Aug 5 (Reuters) - ******* eX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.
But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.
The company's shares fell 9% in premarket trading on Wednesday, dropping well below their $135 IPO price in less than two months since the company's blockbuster debut.
SpaceX reported AI revenue that more than tripled from a year earlier and disclosed several new cloud computing agreements, even as quarterly capital spending on AI climbed to $15.8 billion.
#SpaceX #sriram #starlink #wednesday
Aug 5 (Reuters) - ******* eX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.
But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.
The company's shares fell 9% in premarket trading on Wednesday, dropping well below their $135 IPO price in less than two months since the company's blockbuster debut.
SpaceX reported AI revenue that more than tripled from a year earlier and disclosed several new cloud computing agreements, even as quarterly capital spending on AI climbed to $15.8 billion.
#SpaceX #sriram #starlink #wednesday
3 months ago
By Akash Sriram
Aug 1 (Reuters) - ****** eX's first earnings call as a public company may be expected to focus on AI spending and profits from its Starlink satellite communications network, but many retail investors have other things on their minds.
Taking a page from Elon Musk's other big company, Tesla, newly public rocket maker ****** eX has opened an online venue for investors to ask questions ahead of a call about results that is expected to feature Musk. Users can submit questions and vote on which ones will be answered, creating a list ranked by popularity.
Among the most popular shareholder questions submitted ahead of Tuesday's call were requests for more footage of Starship's Human Landing System, the vehicle designed to carry astronauts to the moon for NASA's Artemis program next year.
Investors also asked whether Asteroid, ****** eX's recently unveiled Shiba Inu mascot, celebrated with a $35 plush toy, could take on a larger role in education, children's charities and outreach.
#company #expected
Aug 1 (Reuters) - ****** eX's first earnings call as a public company may be expected to focus on AI spending and profits from its Starlink satellite communications network, but many retail investors have other things on their minds.
Taking a page from Elon Musk's other big company, Tesla, newly public rocket maker ****** eX has opened an online venue for investors to ask questions ahead of a call about results that is expected to feature Musk. Users can submit questions and vote on which ones will be answered, creating a list ranked by popularity.
Among the most popular shareholder questions submitted ahead of Tuesday's call were requests for more footage of Starship's Human Landing System, the vehicle designed to carry astronauts to the moon for NASA's Artemis program next year.
Investors also asked whether Asteroid, ****** eX's recently unveiled Shiba Inu mascot, celebrated with a $35 plush toy, could take on a larger role in education, children's charities and outreach.
#company #expected
3 months ago
By Akash Sriram
Aug 1 (Reuters) - ****** eX's first earnings call as a public company may be expected to focus on AI spending and profits from its Starlink satellite communications network, but many retail investors have other things on their minds.
Taking a page from Elon Musk's other big company, Tesla, newly public rocket maker ****** eX has opened an online venue for investors to ask questions ahead of a call about results that is expected to feature Musk. Users can submit questions and vote on which ones will be answered, creating a list ranked by popularity.
Among the most popular shareholder questions submitted ahead of Tuesday's call were requests for more footage of Starship's Human Landing System, the vehicle designed to carry astronauts to the moon for NASA's Artemis program next year.
Investors also asked whether Asteroid, ****** eX's recently unveiled Shiba Inu mascot, celebrated with a $35 plush toy, could take on a larger role in education, children's charities and outreach.
#call
Aug 1 (Reuters) - ****** eX's first earnings call as a public company may be expected to focus on AI spending and profits from its Starlink satellite communications network, but many retail investors have other things on their minds.
Taking a page from Elon Musk's other big company, Tesla, newly public rocket maker ****** eX has opened an online venue for investors to ask questions ahead of a call about results that is expected to feature Musk. Users can submit questions and vote on which ones will be answered, creating a list ranked by popularity.
Among the most popular shareholder questions submitted ahead of Tuesday's call were requests for more footage of Starship's Human Landing System, the vehicle designed to carry astronauts to the moon for NASA's Artemis program next year.
Investors also asked whether Asteroid, ****** eX's recently unveiled Shiba Inu mascot, celebrated with a $35 plush toy, could take on a larger role in education, children's charities and outreach.
#call
3 months ago
By Akash Sriram and Abhirup Roy
July 21 (Reuters) - Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay off.
CEO Elon Musk has pivoted the electric-vehicle maker's focus from manufacturing cars to building so-called physical AI businesses such as self-driving taxis and humanoid robots. Much of Tesla's valuation hangs on that promise.
However, investors are growing increasingly uneasy as spending on AI infrastructure, including data centers, and manufacturing capacity is projected to climb to $25 billion this year, outstripping quarterly cash generated by Tesla's core automotive and energy operations.
"As capex more than doubles and free cash flow turns negative, investors are increasingly focused on evidence that Tesla's spending is strengthening its physical AI moat," Morgan Stanley ****** ysts wrote in a note.
#quarterly
July 21 (Reuters) - Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay off.
CEO Elon Musk has pivoted the electric-vehicle maker's focus from manufacturing cars to building so-called physical AI businesses such as self-driving taxis and humanoid robots. Much of Tesla's valuation hangs on that promise.
However, investors are growing increasingly uneasy as spending on AI infrastructure, including data centers, and manufacturing capacity is projected to climb to $25 billion this year, outstripping quarterly cash generated by Tesla's core automotive and energy operations.
"As capex more than doubles and free cash flow turns negative, investors are increasingly focused on evidence that Tesla's spending is strengthening its physical AI moat," Morgan Stanley ****** ysts wrote in a note.
#quarterly
5 months ago
By Akash Sriram
NEW YORK, June 2 (Reuters) - Impulse **** e, a startup building **** ecraft that can ferry satellites and other payloads around in orbit after launch, said on Tuesday it has raised $500 million in a Series D funding round.
The funding round values the company at $4.26 billion, according to a person familiar with the matter.
The company was founded by Tom Mueller, **** eX's first employee and the propulsion engineer who led development of rocket engines that helped turn Elon Musk's company into the world's dominant launch provider.
The round was co-led by venture firms 137 Ventures and Banner VC and brings the total capital raised by the Redondo Beach, California-based company to more than $1 billion, Impulse said.
NEW YORK, June 2 (Reuters) - Impulse **** e, a startup building **** ecraft that can ferry satellites and other payloads around in orbit after launch, said on Tuesday it has raised $500 million in a Series D funding round.
The funding round values the company at $4.26 billion, according to a person familiar with the matter.
The company was founded by Tom Mueller, **** eX's first employee and the propulsion engineer who led development of rocket engines that helped turn Elon Musk's company into the world's dominant launch provider.
The round was co-led by venture firms 137 Ventures and Banner VC and brings the total capital raised by the Redondo Beach, California-based company to more than $1 billion, Impulse said.
