Musk’s Boring Company valued at $5.6 bln after latest funding round

April 21, 2022 Bryan Industry Comments Off

A modified Tesla Model X drives into the tunnel entrance before an unveiling event for the Boring Co. Hawthorne test tunnel in Hawthorne, California, U.S., on December 18, 2018. Robyn Beck/Pool via REUTERSRegister now for FREE unlimited access to Reuters.comRegisterApril 20 (Reuters) – Elon Musk’s The Boring Company has raised $675 million in Series C funding round, which now values the tunneling enterprise at $5.675 billion, the company said on Wednesday, adding that the proceeds will be used to ramp up its hiring across sectors.The Austin, Texas-based company, which plans to expand its workforce in engineering, operations, and production to scale …
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U.S. SEC nearing settlement with Wall Street firms over WhatsApp probe -sources

September 28, 2023 Comments Off on U.S. SEC nearing settlement with Wall Street firms over WhatsApp probe -sources

The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Washington, July 6, 2009. REUTERS/Jim Bourg/File photo Acquire Licensing RightsShow more companiesNEW YORK, Sept 27 (Reuters) – The U.S. Securities and Exchange [...]
Antarctic winter sea ice hits ‘extreme’ record low

September 28, 2023 Comments Off on Antarctic winter sea ice hits ‘extreme’ record low

Sept 25 (Reuters) – Sea ice that packs the ocean around Antarctica hit record low levels this winter, the U.S. National Snow and Ice Data Center (NSIDC) said on Monday, adding to scientists’ fears that [...]
Brazil’s central bank seeks tighter cryptocurrency regulation, brokerage oversight

September 28, 2023 Comments Off on Brazil’s central bank seeks tighter cryptocurrency regulation, brokerage oversight

A view shows the headquarters of Brazil’s central bank in Brasilia, Brazil August 25, 2021. REUTERS/Amanda Perobelli/File Photo Acquire Licensing RightsBRASILIA, Sept 27 (Reuters) – Brazil’s central bank governor Roberto Campos Neto on Wednesday said [...]
Teamsters union asks NHTSA to deny GM’s bid to exempt Cruise from safety standards

September 28, 2023 Comments Off on Teamsters union asks NHTSA to deny GM’s bid to exempt Cruise from safety standards

[1/2]A self-driving GM Bolt EV is seen during a media event where Cruise, GM’s autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. REUTERS/Elijah Nouvelage/File Photo Acquire Licensing [...]
San Francisco Mayor Calls for Drug Testing for Welfare Recipients

September 28, 2023 Comments Off on San Francisco Mayor Calls for Drug Testing for Welfare Recipients

San Francisco Mayor London Breed proposed a plan which would require welfare recipients to undergo drug testing and engage in treatment programs. The announcement comes as the city deals with an average of three overdose [...]

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