Related News

How to find the Orion constellation in the sky |

Orion’s Belt is a familiar sight in the night sky during the colder months, often noticed easily. Three bright stars sit in a straight line, rising in the east and

This viral ‘bird in space’ image from NASA’s Hubble Space Telescope is a galaxy collision | Watch |

One of the most spectacular encounters of Hubble with a galaxy has been brought back into focus by a recent image posted on X. The image, although posted recently, is

NASA reveals how Arctic air froze half of America in January |

NASA reveals how Arctic air froze half of America in January (Image Source – NASA) A big winter storm hit the US in late January and dumped snow and ice

February’s full Snow Moon to appear this weekend: Check date and time to see the last full moon of winter |

A full moon arrives at the start of February, settling into the evening sky with little fuss but quiet interest. The event itself is familiar, yet this one carries a

Sandisk stock soars after blowout earnings report reflects AI demand

Sandisk‘s stock popped 14% after the company crushed Wall Street’s fiscal second-quarter estimates, as the artificial intelligence boom sent demand for its chips skyrocketing. The flash storage memory company reported

AI industry super PAC raises $125 million in 2025

Mesh Cube | Istock | Getty Images A new super PAC backed by AI companies raised $125 million in 2025 to further its goal of backing candidates who support national

Beta stock jumps on motor deal with air taxi maker Eve Air Mobiliy

Word Count: 130 | Estimated Reading Time: 1 minute

Beta Technologies strikes $1B electric motor manufacturing deal with Eve Air Mobility

Beta Technologies shares surged more than 9% after air taxi maker Eve Air Mobility announced an up to $1 billion deal to buy motors from the Vermont-based company.

Eve, which was started by Brazilian airplane maker Embraer and is now under Eve Holding, said the manufacturing deal could equal as much as $1 billion over 10 years. The Florida-based company said it has a backlog of 2,800 vehicles.

Shares of Eve Holding gained 14%.

Eve CEO Johann Bordais called the deal a “pivotal milestone” in the advancement of the company’s electric vertical takeoff and landing, or eVTOL, technology.

“Their electric motor technology will play a critical role in powering our aircraft during cruise, supporting the maturity of our propulsion architecture as we progress toward entry into service,” he said in a release.

Source link