Startups & Funding
Venture capital, funding rounds, mergers and acquisitions, and startup launches.
Tesla beats earnings projections after Musk floats SpaceX merger plan
Elon Musk floated the idea of merging Tesla with SpaceX on Tesla's earnings call, saying there is 'a lot of merit' to the proposal, though it would require 50% shareholder approval.
Year-old AI lab Flapping Airplanes raises $1B at a $6B valuation
Getty Images files for bankruptcy, pushes ahead with plan to go private
Getty Images files for Chapter 11 bankruptcy in Delaware; the Getty family and Koch Equity Development will acquire the company for up to $533M by year-end.
Legal AI startup Legora raises $550M Series E at $8.8B valuation
Legal AI startup Legora raised $550 million in Series E funding at an $8.8 billion valuation.
AI lab Flapping Airplanes is now worth $6B, four times its January value
Flapping Airplanes, an AI research lab founded in late 2025, raised $1B at a $6B valuation led by Index Ventures and Lux Capital, quadrupling its valuation since January.
Electronic Arts to cut 400 jobs and shut down Mass Effect studio BioWare
Electronic Arts will shut down BioWare studio and cut approximately 400 jobs (3% of staff), while cancelling the next Mass Effect game and a Sims project.