Technology
Tech industry, startups, AI and innovation
Treasury securities slide amid Gulf turmoil
BEIJING X-MAGTECH TECHNOLOGIES Secures Hundreds of Millions RMB Series B Financing to Boost Quantum Precision Magnetometry Commercialization
Beijing X-Magtech Technologies has closed a multi-hundred-million-yuan Series B financing round backed by multiple Beijing municipal industrial funds and institutional investors with existing shareholder CAS Star Ventures continuing investment. Ranking as the largest single financing in China’s disclosed quantum magnetic field measurement sector, the proceeds will fuel R&D upgrade, mass production and industrial rollout of its proprietary quantum weak magnetism measurement technologies, which ar
SpaceX Sets IPO Price at $135 Per Share for Record $75 Billion Offering; China Advances Commercial Space with New Rocket Launch and Tank Technology Breakthrough
SpaceX has priced its IPO at $135 per share, planning to sell 555.6 million shares to raise $75 billion, which would value the company at $1.77 trillion and make it the largest IPO in history. Meanwhile, China successfully launched the Long March 12B rocket on June 1, sending the tenth batch of Qianfan constellation satellites into orbit, and held a space computing forum in Beijing. Separately, a Dalian University team achieved mass production of large rocket propellant tank domes, cutting manuf