Others

Carvana nirvana? Shorted stock surges 56% as company predicts record profits

June 8, 2023

On Thursday, online car-retailer Carvana announced an especially rosy outlook (i.e. forecasted record profits) for the second quarter of 2023, and investors responded by driving the company’s stock price up 56% before the market closed. The company closed the day worth $4.58 billion, according to Google Finance data. The retailer — a popular short — predicted […]

Carvana nirvana? Shorted stock surges 56% as company predicts record profits by Harri Weber originally published on TechCrunch

Firefly buys Spaceflight Inc. to boost on-orbit services

June 8, 2023

Firefly Aerospace has acquired launch and in-space transportation service provider Spaceflight Inc., in a bid to expand its on-orbit capabilities for customers. Firefly did not disclose the terms of the deal but a company spokesperson confirmed that the transaction has closed. The spokesperson added that the entire Spaceflight team, including CEO Tiphane Louradour, will be […]

Firefly buys Spaceflight Inc. to boost on-orbit services by Aria Alamalhodaei originally published on TechCrunch

Winging it

June 8, 2023

Once again, your intrepid robotics reporter finds himself in the warm embrace of the Bay. To paraphrase Mark Twain, the warmest I was ever embraced was early summer in Santa Clara. I’m writing this from a juice place in Palo Alto (living the dream), having finished a pair of back-to-back meetings nearby. This week’s big […]

Winging it by Brian Heater originally published on TechCrunch