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December 19, 2025
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December 5, 2023

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Elon Musk’s AI firm xAI files to raise up to $1 billion in equity offering

The Cheap Investor2 years ago2 years ago02 mins

(Reuters) -Elon Musk’s artificial intelligence startup xAI has filed with the U.S. securities regulator to raise up to $1 billion in an equity offering, according to a filing on Tuesday. The company has raised $134.7 million in equity financing from a total offering amount of $1 billion, the filing with the Securities and Exchange Commission…

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Norway parliament deal marks major step towards seabed mining

The Cheap Investor2 years ago2 years ago03 mins

By Victoria Klesty OSLO (Reuters) -Norway’s minority government and two opposition parties have agreed to allow seabed mineral exploration in the Arctic region, they said on Tuesday, in a key step towards full-scale ocean mining. The deal comes as Norway hopes to become the first country to make deep-sea mining happen on a commercial scale…

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Alaska Air to buy peer Hawaiian for $1.9 billion

The Cheap Investor2 years ago2 years ago03 mins

By Rajesh Kumar Singh, Akanksha Khushi and Anirban Sen (Reuters) -Alaska Air Group Inc said on Sunday it would acquire Hawaiian Holdings Inc for $1.9 billion, including debt, placing a bet on a troubled airline with lucrative routes as U.S. antitrust regulators fight consolidation in the sector. Alaska Air said it would pay $18 per…

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