Xpeng’s flying car unit hires banks for IPO: report

Xpeng Aeroht, a Chinese flying car startup that is majority controlled by electric vehicle maker Xpeng Motors, is working with several investment banks on a stock market listing that could happen in the US or Hong Kong, sources have told Bloomberg. It is unknown how much Xpeng Aeroht plans to raise from the share saleContinue Reading

advanced-drones-aid-navy-ships-out-at-sea

Aerospace company Pterodynamics was awarded a contract with the U.S. Navy to develop the drones., (NewsNation) — The U.S. Navy has announced an expanded partnership with an aerospace company based in Colorado Springs, Colorado. PteroDynamics received a $7 million contract to develop its new drone model, the XP5. The 19-foot-wideContinue Reading