Ed Ludlow

Dubbed the Ojai, the self-driving vehicle will initially be made available to select riders in San Francisco, Los Angeles and Phoenix, Waymo said May 28 in a blog post. The four-seat minivan is being built with Zeekr, an arm of China-based automaker Geely Automobile Holdings, through a partnership the companies announced in 2021.

(Bloomberg) -- SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with

(Bloomberg) -- SpaceX is currently targeting a valuation of at least $1.8 trillion in its initial public offering, according to people familiar with

Getting your Trinity Audio player ready... By Ed Ludlow, Bloomberg

"I don't think there's any precedent to draw for a company like SpaceX to understand what their rating should be," said Zachary Griffiths, head of investment-grade macro strategy at CreditSights. "Negative earnings are not typically associated with an investment-grade company, but nothing about this is typical. It sits in a category of its own."

Bailey Lipschultz, Natalia Kniazhevich and Ed Ludlow 2 min read

Microsoft is setting up a new organization with 6,000 employees to help businesses with the technical and strategic work of deploying artificial intelligence.

(Bloomberg) -- Rivian Automotive Inc.'s stock tumbled after the electric vehicle maker said it will sell 75 million shares to fund equity contributions related to a US Department of Energy loan.

(Bloomberg) -- Rivian Automotive Inc.'s stock tumbled the most in more than a year after the electric vehicle maker said it will sell 75 million

Rivian stock sank after the Normal-based EV maker unveiled plans to sell 75 million shares, raising about $1.5 billion to support its federal loan agreement and future growth.