Venture

Four environmental organizations filed a petition Thursday urging the Federal Communications Commission to reverse its approval of a startup's plan to beam on-demand sunlight from space to Earth. The groups argue the agency failed to consider the project's potential impacts on wildlife and astronomy, reopening debate over regulating commercial ventures that affect the night sky and ecosystems.

Aliko Dangote says a Kenyan court ruling will not stop the planned launch of his refinery project in the country, though it may affect activities at the site. The statement, reported by Reuters, suggests the billionaire industrialist intends to press ahead with the venture despite legal challenges, while acknowledging the ruling could disrupt on-the-ground operations.

SpaceX has released its first-ever earnings report, revealing that revenue grew but the company remains unprofitable. The disclosure offers a rare financial glimpse into Elon Musk's privately held rocket and satellite company, and is drawing attention to how its Starship and Starlink ventures balance heavy spending against rising income.

New York City has subpoenaed Elon Musk and his artificial intelligence company xAI as part of an investigation into AI safety. The move makes the city one of the most prominent US local governments to target a major AI developer directly, and it adds regulatory pressure for Musk, whose AI business is already drawing scrutiny alongside his other ventures.

VSMC, the joint venture between Vanguard International Semiconductor and TSMC, is building a 300mm wafer fab in Singapore, framed as a strategic bet on the specialty chips underpinning AI infrastructure. Coverage highlights the facility's role in easing capacity tightness for mature and specialty nodes, as AI demand pulls in power management, controller and analog chips alongside leading-edge processors.

Vanguard International Semiconductor, a smaller affiliate of TSMC, is considering building a second chipmaking plant in Singapore through its joint venture to meet growing demand for chips. The move would expand Singapore's role in global semiconductor supply at a time when manufacturers are investing heavily in new capacity worldwide.

A young entrepreneur has built a defense technology company now valued at $3.7 billion, with backing from Sequoia Capital. The story highlights how the founder scaled the startup despite being part of Generation Z, drawing attention to the growing wave of young founders entering the defense sector as venture capital flows into military and security technology.

Efforts to pass the Clarity Act, a bill to establish clear regulatory rules for the cryptocurrency industry, have stalled amid political tensions tied to the Trump family's crypto business ventures. Lawmakers' concerns over potential conflicts of interest surrounding those ventures have complicated negotiations, leaving the industry without the regulatory framework the legislation was meant to provide.

Venture investors including Ben Horowitz and Marc Andreessen are funding a new academy designed as an alternative to traditional college, according to the Wall Street Journal. The school aims to give young people a pathway into careers, particularly in technology, without a university degree. Supporters see it as a challenge to the rising cost and value of higher education; critics question whether such programs can replace the breadth of a college education.

Friends & Family Capital, a venture capital firm, says startup founders are asking for hands-on finance support rather than additional board members, according to a Wall Street Journal exclusive. The firm argues that early-stage companies benefit more from practical financial expertise as they manage cash burn and fundraising pressure than from formal board oversight.

Several Peugeot models, including the 308, 3008, 408 and 5008, have been recalled, according to CarExpert. Meanwhile, Reuters reports that Stellantis, Peugeot's parent group, is working with Momenta and its Dongfeng joint venture in China to co-develop intelligent driving technology. Together the news puts the French brand in the spotlight for both a safety issue and its strategy in the fast-moving Chinese EV and software market.

EMTev, the electric vehicle venture of travel company EaseMyTrip, has rolled out electric buses in Bhopal, with a stated target of producing 5,000 units annually by 2030. The move adds to India's push to electrify public transport, with the Madhya Pradesh capital becoming an early deployment city for the fleet.

Donald Trump is pressing South Korea to invest $54 billion in an Alaska liquefied natural gas project, renewing attention on the venture. The project would cost more than twice as much as a comparable U.S. Gulf Coast plant, raising questions about its economic viability and the terms Washington is seeking from Seoul.

Idan Nurik, co-founder of the startup Paragon, is leaving the company to launch a new venture focused on AI infrastructure, according to Calcalist. The move marks the latest departure of a founder from an existing Israeli startup to build a new company in the fast-growing AI infrastructure space. Details about the new venture, including its products and funding, have not yet been disclosed.

Chinese autonomous driving software firm Momenta has announced a partnership with Dongfeng Stellantis Automotive Technology to deploy its driving-assistance technology in upcoming Peugeot and Jeep models. The deal marks another step in Momenta's expansion among joint-venture automakers in China, as global brands move to add locally developed smart-driving features to stay competitive with domestic manufacturers.

Switzerland is reportedly moving toward choosing Eurosam, the Franco-Italian joint venture, to supply a ground-based air defence system for the Swiss army. The news, reported by Swiss public broadcaster RTS, is drawing attention in defence circles given Switzerland's recent military modernisation push, including its earlier fighter jet procurement decision.

Fifth Wall co-founder Brendan Wallace has spoken out about Travis Kalanick's new venture Atoms, offering his view on how the company fits into broader technology trends and the future of proptech. Wallace's comments come as investors watch whether the former Uber chief executive can build a serious player in the property technology space.

Vertex Japan, a venture arm backed by Singapore state investor Temasek, has invested in Heartbeats, a startup that sells digital trading cards. The deal was reported as an exclusive, and the funding size and valuation were not disclosed. The investment signals continued venture interest in collectibles-style digital assets from major Asian state-linked investors.

Indian content creator Love Kataria has spoken publicly for the first time about his relationship with fellow YouTuber Elvish Yadav and his new business venture, Namo Narayana, in an interview with Aashish Bhardwaj. Fans of the two creators, who have long been associated as friends and collaborators, are reacting to Kataria's comments about the partnership and the split in their paths.

California has enacted a ban barring public officials from creating or promoting memecoins, the joke-driven cryptocurrencies often used to cash in on political fame. Engadget reports the move as part of growing US scrutiny of officials profiting from crypto ventures. It follows national debate over politicians launching or endorsing digital tokens, including the TRUMP memecoin controversy, and reflects tightening state-level ethics rules.

State Farm is drawing attention to how startup innovation could shape the future of the insurance industry. The piece suggests incumbent insurers have lessons to learn from young companies on technology, customer experience and new business models. Industry watchers are weighing how quickly traditional insurers can adapt as venture-backed players move into areas like digital claims, usage-based policies and embedded insurance offerings.