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Bellatrix Aerospace has secured $20 million in a pre-Series B funding round, aiming to expand production of its satellite propulsion systems amid rising global demand. The round was led by Cactus Partners, with participation from several new and existing investors. The Bengaluru-based company plans to use the funds to scale manufacturing capacity and accelerate delivery […]
Indonesia is preparing to implement new restrictions on social media use for users under 16, but uncertainty remains over how the rules will be enforced. The regulation targets platforms deemed “high-risk,” including Roblox, Meta’s Facebook and Instagram, Alphabet Inc.’s YouTube, TikTok and X. These services may be required to deactivate accounts belonging to underage users […]
SoftBank Group has secured a $40 billion bridge loan to strengthen its investments in OpenAI and support broader corporate initiatives. The unsecured loan, which matures in March 2027, was arranged with major financial institutions including JPMorgan Chase, Goldman Sachs and leading Japanese banks. The funding reflects SoftBank’s continued push into artificial intelligence as global competition […]