Sidus Space, Inc. (SIDU) secured $14.1 million in a recent funding round. While the company is progressing well with its LizzieSat-2 satellite, slated for launch in December 2024, its shares fell 7.10% in premarket trading. The funds will be used for working capital and general corporate purposes.
Elon Musk’s artificial intelligence startup, X.AI Corp., is reportedly nearing the completion of its latest funding round with an estimated valuation of $18 billion. According to sources familiar with the matter, the size of the round is still being finalized but was initially set at $6 billion. If completed, the funding will position xAI as a formidable competitor to well-funded businesses like OpenAI in the rapidly growing field of AI chatbots.
