Xos announced a $3 million follow-on order for 12 mobile energy storage and charging systems from a leading autonomous fleet operator, supporting expansion in North America and Europe. This order highlights rising demand for mobile charging solutions that avoid costly infrastructure upgrades. CEO Dakota Semler emphasized the order's validation of Xos's product and growth potential as charging needs increase. The stock rose nearly 12% in premarket trading, reflecting investor confidence in the company's growth prospects.
Meta Platforms is collaborating with Reliance Industries to build its first AI-enabled data center in India, a 168-megawatt facility in Jamnagar, Gujarat. This project, expected to be completed within two years, will support Meta's global AI computin...
SpaceX's upcoming IPO is valued at $1.77 trillion, exceeding the combined $1.5 trillion valuation of all 12 aerospace companies in the S&P 500. Despite lower revenue than these firms, SpaceX's valuation reflects strong investor optimism, with some pr...
Lantronix and Cherry & White have jointly developed a rapid Wi-Fi platform that delivers enterprise-grade 5G connectivity to critical infrastructure like utilities, emergency services, and remote industrial sites. The platform uses Lantronix's rugged...
US stock futures declined following mixed market closes and geopolitical tensions after President Trump ordered strikes against Iran. Investors await May's CPI data expected to show a 4.2% annual increase, the highest since April 2023, influencing Fe...
Telenor has agreed to acquire Enivest, a leading fibre operator in Western Norway, for NOK 2.5 billion. The deal includes Enivest’s fibre network, 28,000 customers, and a 34% stake in Årdalsnett, enhancing Telenor’s broadband presence in the region. ...
