Secures

Rivian announced today that it secured the incentive packaged, expected to be worth up to $1.5 billion if fully realized, for its upcoming electric vehicle factory in Georgia. In December, not long after it started production of its first electric vehicles at its Illinois factory, Rivian announced a new $5 billion electric vehicle factory in Georgia. Rivian managed to negotiate an impressive incentive package with the state. It is valued at $1.5 billion if the investment from the company is fully completed within…

Amazon on Tuesday announced deals for scores of launches to deploy a "constellation" of satellites in low orbit around the Earth to provide internet service to people below.Amazon said that its contracts with Arianespace, Blue Origin and United Launch Alliance (ULA) are the largest commercial procurement of launch vehicles in history.The overall cost and timing of launches booked to make Amazon's Project Kuiper a reality were not disclosed."We still have lots of work ahead, but the team has continued to hit milestone…

Elon Musk on Thursday said he has lined up $46.5 billion (roughly Rs. 3,54,562 crore) in debt and equity financing to buy Twitter Inc and is considering taking his offer directly to shareholders, a filing with US regulators showed.Musk himself has committed to put up $33.5 billion (roughly Rs. 2,55,560 crore), which will include $21 billion (roughly Rs. 1,60,200 crore) of equity and $12.5 billion (roughly Rs. 95,360 crore) of margin loans against some of his Tesla shares to finance the transaction. He is chief executive…