Elon Musk to spin off SpaceX IPO once revenue growth becomes steady, predictable

Elon Musk, Tesla Inc’s CEO plans on listing his space internet venture, Starlink, in the years ahead when revenue growth is predictable and smooth. “Public market does *not* like erratic cash flow haha,” tweeted Musk. In 2019, Musk said Starlink was an important new revenue stream for Space Exploration Technologies, SpaceX. In February 2020, SpaceX’s…

SoftBank’s introduces food service robot to mitigate labor shortages

On Monday, the robotics arm of Japanese conglomerate SoftBank stated, it will start using its food service robot developed by California-based Bear Robotics in Japanese restaurants as a means to tackle growing labor shortages faced by the country. Servi, the robot, comes with features which includes layers of trays and is equipped with Lidar sensors…

Coalition To Fight Against Apple’s App Store Fees Formed By Apple’s Critics

A non-profit group that has drawn up plans for advocating legal and regulatory action to challenge the practices for its App Store by Apple was joined by a number of critics of the iPhone maker which includes companies like Spotify Technology, Match Group Inc and “Fortnite” creator Epic Games. A commission of between 15 per…

Hacker gains access to Tyler Technologies’ internal network, U.S. election software safe

In a statement Tyler Technologies said, its network was hacked by a ransomware, a kind of computer virus through which hackers encrypts files and decrypt them once their payment demands are met. The hacker was able to gain access to its internal networks, but could not access to the systems it hosts for clients; incidentally,…

ChargePoint, World’s Largest EV Charging Network, To Issue IPO At 2.4 Billion Valuation

Following a merger with Switchback Energy Acquisition Corp, one of the oldest and largest electric vehicle charging networks of the world – ChargePoint Inc, will float an initial public offering, the company said on Thursday. The merger values the charging company at $2.4 billion. The company expects that the merger deal will be closed by…

U.S. grants Intel Corp licenses to supply select products to Huawei

In a statement Intel’s spokesman said, it has received licenses from U.S. authorities to continue supplying certain products to Huawei Technologies. The development comes at a time when U.S.-China relations have come under pressure with many intelligence agencies across the Western world saying China’s Huawei is a national security threat, especially after Beijing passed its…