Rivian Automotive worth more than $100 billion
Not bad for a company that expects to lose a billion
Shares of Rivian Automotive surged as much as 53 per cent in its Nasdaq debut, giving the Amazon-backed electric vehicle maker a market valuation of more than $100 billion.
Court tells Bezos he can’t have the lunar lander contract
One small step for a court, a giant leap for humanity
The US Court of Federal Claims ruled against Jeff Bezos' Blue Origin in the company's lawsuit versus NASA over a lucrative astronaut lunar lander contract awarded to Elon Musk's SpaceX earlier this year.
Foxconn releases three electric car prototypes
Keen to drive away from Apple dependence
Foxconn unveiled its first three electric vehicle prototypes, which are being seen as part of its ambitious plans to diversify away from its role of building consumer electronics for Apple.
Boeing 737 boss arrested
Pleads not guilty to lying over safety issues
Mark Forkner, Boeing’s 737 Max chief technical pilot during the aircraft’s development, has been charged with misleading aviation regulators about safety issues blamed for two fatal crashes of the 737 Max.
Germans to have first driverless train
Make sure they will run on time
German rail operator Deutsche Bahn and industrial group Siemens on Monday unveiled the world's first automated, driverless train in the city of Hamburg.