The stock market rally has signaled it's no bear uptrend. A jury found Tesla CEO Elon Musk not liable for 2018 "funding secured" tweets. Read More...
Japan startup selling $550,000 Star Wars-inspired hoverbike to list on NASDAQ
Aerwins, which is taking orders for the XTurismo hoverbike with a motorcycle-like body on top of propellers that it unveiled last year, estimates it will be valued at $600 million in the transaction. The deal comes at a time when other mobility startups have faced difficulty raising funding, with valuations under pressure and a sharp reversal of what had been a market boom for listings through special-purpose acquisition companies (SPAC). SPACs, like Pono, raise money in public offerings and then aim to merge with a private company to take it public, offering a shorter listing timeframe to the acquired company.