Here’s why Lucid’s (LCID) stock is crashing today

Lucid Motors (LCID) stock was down as much as 20% during Thursday’s pre-market after the company announced plans to sell over 262 million shares. The new stock offering is causing share prices to slide ahead of Lucid’s first electric SUV, the Gravity, which will launch later this year. more…

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Starlink services bound for South Korea by 2025

Starlink services might be bound for South Korea by early 2025. Starlink’s availability in South Korea will depend on the local government’s moves regarding regulatory updates that will ensure a stable connection to SpaceX’s internet services without interfering with the providers already operating in the country.  On Wednesday, October 16, Read more

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General Motors invests $10M on battery development

General Motors (GM) announced a $10 million investment for battery development. The company’s venture capital arm, GM Ventures LLC, is investing $10 million in Forge Nano, a materials science company.  Forge Nano focuses on atomic layer deposition (ALD) solutions, a method used to coat lithium-ion batteries. The company developed its Read more

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