Topic: asset sales
-
Rocket Report: China Masters Booster Landings as Orbex Bows Out
China's Long March 10 rocket successfully tested a reusable subscale model, marking a key advancement in its reusable launch technology. UK launch firm Orbex entered insolvency after failing to secure funding or a merger, having never produced flight-ready hardware despite years of operation. Fir...
Read More » -
Luminar, a Leading Lidar Company, Files for Bankruptcy
Luminar, a leading lidar manufacturer for autonomous vehicles, has filed for Chapter 11 bankruptcy, marking a dramatic fall for the once-promising company. The bankruptcy involves selling its core assets, including a $110 million deal for its semiconductor unit, while aiming to maintain operation...
Read More » -
Crypto Sell-Off Intensifies as Market Plummets
Companies that stockpiled cryptocurrencies are now selling their holdings to stabilize falling share prices, reversing the "digital asset treasury" model and erasing $1 trillion from the crypto market's value. The downturn has wiped approximately $77 billion from the stock market value of these f...
Read More » -
Square Enix Lays Off Staff in Major US and Europe Restructuring
Square Enix is restructuring its US and European operations, leading to employee layoffs and the consolidation of publishing divisions to centralize core development in Japan and optimize resource allocation. The company expects to incur a one-time expense of about $76.8 million but projects annu...
Read More »