5.5B

Colorado-born Ball Aerospace has a new owner, a new name and what the company hopes will be a growing global customer base. But Dave Kaufman, president of the company now called Space & Mission Systems, said the nearly 70-year-old business is “staying put” in Colorado. BAE Systems PLC, a British arms, security and aerospace company, closed the $5.5 billion acquisition of Ball Aerospace from Ball Corp. on Friday, Feb. 16. Kaufman, previously Ball Aerospace president and a Ball Corp. senior vice president, removed a…

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to a new week. Haje is off today, so it’s just me and you going through the day’s biggest stories. Let’s hit it! — Christine The TechCrunch Top 3 Price cut in aisle five: Invesco cuts Indian food delivery giant Swiggy’s valuation to $5.5 billion. In October, the valuation was cut to $8 billion. Manish writes, “The recent valuation reductions…

Chung Eui-sun, left, executive chairman of Hyundai Motor Group, Georgia Gov. Brian Kemp, and Jose Munoz, president and COO of Hyundai, celebrate with a champagne toast during the official groundbreaking for the Hyundai Meta Plant on Tuesday, Oct. 25, 2022 in Ellabell, Ga. Credit: Richard Burkhart/Savannah Morning News via AP A robotic dog delivered a champagne toast and Georgia's governor and junior U.S. senator shared a…

The economy may be showing many signs of contraction right now, but many companies still need to do business internationally. Now a startup providing the tools to make and manage those transactions is announcing some funding. Airwallex, the Hong Kong/Australia startup that provides cross-border banking and other financial services for businesses, has raised $100 million, money that it will be using to continue expanding its business operationally, geographically and with new products in areas like credit and expense…

Georgia Gov. Bran Kemp, left, and Jaehoon "Jay" Chang, Hyundai Motor Company president and CEO, shake hands after signing an agreement to finalize a deal for Hyundai Motor Group to build a manufacturing plant in Ellabell, Ga., Friday, May 20, 2022. Georgia officials are close to finalizing a deal with the automaker to build a $5.5 billion electric car plant near Savannah, Ga. An economic development agency representing four Savannah-area counties…

Yueqi Yang / Bloomberg: Filing: Celsius has a $1.19B deficit on its balance sheet, ~$4.3B in assets against $5.5B in liabilities, and lost 35K ether due to StakeHound misplacing keys — Bankrupt cryptocurrency lender Celsius Network Ltd. disclosed more details on its collapse, including that it has a $1.19 billion deficit on its balance sheet. Yueqi Yang / Bloomberg: Filing: Celsius has a $1.19B deficit on its balance sheet, ~$4.3B in assets against $5.5B in liabilities, and lost 35K ether due to…