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Report: SoFi nears deal to go public in merger with Chamath Palihapitiya’s newest SPAC

Consumer financial services startup SoFi is closing in on a deal to go public via a merger with special purpose acquisition company, Social Capital Hedosophia Holdings Corp V, the latest blank check

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FAA issues rules for supersonic jet flight testing in the U.S.

The U.S. Federal Aviation Administration (FAA) has issued new final rules to help pave the way for the re-introduction of supersonic commercial flight. The U.S. airspace regulator’s rules provi

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Travelers from UK to NY to show a negative COVID-19 test: Cuomo

The New York Governor Andrew Cuomo. /Getty Images The New York Governor Andrew Cuomo said on Monday that beginning on Tuesday, British Airways will require passengers on UK flights to NY to sh

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Poland’s GeneMe secures €5.2M seed funding for its rapid COVID-19 test

GeneMe, Poland-based biotechnology company with a COVID-19 test, has secured a €5.2M round of seed funding led by Robin Tombs, co-Founder of Yoti and previously of Gamesys, and other angel investors.T

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Voyager Space Holdings to acquire multi-launch site startup The Launch Company

Voyager Space Holdings, one of the companies that has been on a bit of an acquisitive spree recently as it looks to put together a comprehensive and multi-vertical space technology offering, has anno

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FAA streamlines commercial launch rules to keep the rockets flying

The FAA has published its updated rules for commercial space launches and reentries, streamlining and modernizing the large and complicated set of regulations. With rockets launching in greater number

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Catholics in Portugal pray for an end of the COVID-19 pandemic

Thousands of Catholics gathered at the Fatima Sanctuary in Portugal, to pray for those impacted by COVID-19 and an end to the pandemic. As part of an annual pilgrimage that

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Virgin Hyperloop to safety test its hyperloop technology at new West Virginia certification center

Virgin Hyperloop announced a key step in its long-term goal of making hyperloop transportation a reality in the U.S. on Thursday. The company revealed it will be doing its certification testing at a n

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Weibo-owner Sina to go private in $2.6 bln deal with CEO-led firm

Sina Corp.'s headquarters in Beijing, China. /CFP Sina Corp., owner of social media platform Weibo, will be taken private in a $2.6 billion deal with New Wave MMXV Limited, the Chinese interne

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Virgin Galactic debuts design of future Mach 3 high-speed aircraft, signs deal with Rolls-Royce

Virgin Galactic is making strides towards its goal of creating high-speed commercial aircraft that operates a little closer to Earth than its existing passenger spacecraft. The company revealed the in

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Chinese EV maker Li Auto aims to raise up to $950 mln in growth push

Chinese electric vehicle maker Li Auto Inc, backed by food delivery giant Meituan Dianping, has launched an initial public offering of up to 950 million U.S. dollars, in one of the biggest U.S. li

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British Airways to resume flights to Chinese mainland in August

British Airways. /CFP British Airways will resume flights to the Chinese mainland starting August 9, with tickets available for booking on the airline's website starting Tuesday.The first rout

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The UK government to acquire satellite company OneWeb in deal funded in part by India’s Bharti Global

Distressed satellite constellation operator OneWeb, which had entered bankruptcy protection proceedings at the end of March, has completed a sale process, with a consortium led by the UK Government a

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How $20 billion health care behemoth Blue Shield of California sees startups

In the two years since Jeff Semenchuk took the reins in the newly created position of chief innovation officer for Blue Shield of California, the nonprofit health insurer with $20 billion in revenues

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Virgin Galactic flies second SpaceShipTwo test at New Mexico spaceport, clearing the way for powered spaceflight

Virgin Galactic has passed a key milestone in its SpaceShipTwo qualification program. The company performed a glide flight, which means that it was flying its VSS Unity spacecraft unpowered in glide

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Virgin Galactic to buy seats on rockets and train private astronauts for Space Station trips

Space tourism company Virgin Galactic has just revealed a novel extension of their business mode, through a new agreement signed with NASA enabled by the Space Act Agreement. The arrangement will see

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New UK-US agreement allows US companies to launch from UK spaceports

In a new move designed to encourage more economic and scientific collaboration between spacefaring nations, the UK and US governments have signed a new agreement that would make it possible for US com