TECHNOLOGY

By Charles Kennedy of OilPrice.com

South Korea’s electric vehicle (EV) sales fell by 0.1% last year for the first annual decline since 2017, as drivers cite fears of batteries catching fire and insufficient number of chargers as key obstacles alongside higher interest rates and high prices. (more…)

Several years ago, DNA-testing company 23andMe began publicly trading on Nasdaq following a deal to merge with VG Acquisition Corp., a special-purpose acquisition company founded by billionaire Richard Branson. The company was pimped by Hollywood elites, such as Oprah and Lizzo, as market capitalization topped $6 billion in late 2021. 

Fast forward this past week, 23andMe has lost 94% of its market cap following the November 2021 peak, and Nasdaq threatened to delist the penny stock as it (more…)

The world's first commercial spaceplane entered the final testing phase ahead of its first flight in 2024 in December. Now, the company behind the orbital-class spaceplane, Sierra Space Corp., is laying the groundwork for an initial public offering and possible acquisitions.

On Thursday, Sierra Space Chief Executive Officer Tom Vice spoke with Bloomberg about Sierra's plans to tap public markets. Vice said IPO timing is uncertain but will take the leap "when the market looks (more…)