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Industry

Teen-founded U.S. defense startup Mach Industries valuation quadruples in a year

U.S. defense technology startup Mach Industries raised $300 million in a Series C round, valuing the company at $1.8 billion. TechCrunch reported the valuation is nearly four times higher than a year ago, after a $100 million raise in June 2025 at a $470 million valuation. The round was led by Infinite Capital and Ribbit Capital. Mach is developing five autonomous aircraft and plans to start producing at least three next year.

Crypto

Roswell, the UFO city, holds donated bitcoin for at least 10 years

Roswell, New Mexico, is running an ordinance that prevents the city from selling bitcoin donations for at least 10 years, according to reports. Its bitcoin reserve totals 0.173 BTC, valued at about $13,312. The reserve was built through donations starting in April 2025. The ordinance also limits annual spending to within 21 percent even if the reserve exceeds $1 million, and allows expenditures only once every five years.

Telecommunications & Media

SpaceX revenue mostly from Starlink, rockets and AI in the red

SpaceX’s main source of revenue is its Starlink satellite internet service rather than reusable rockets, according to results disclosed ahead of a planned IPO. Starlink-related connectivity services made up 61 percent of consolidated revenue last year and 69 percent in the first quarter. Starlink generated the largest revenue and profit, while the rocket launch business posted a loss and the AI segment recorded a larger deficit. Filings also highlighted rising regulatory, operational and geopolitical risks.