American autonomous delivery vehicle company
Waymo, Wayve, Baidu and Uber-backed ventures have pushed robotaxi testing and commercial rollouts in London, San Francisco and Houston, while Uber has announced Houston as its next market after San Francisco. Companies have recalled vehicles and limited freeway operations after construction-zone incidents, and unions and regulators are blocking some US rollout plans.
Lucid Group has filed to cut about 18% of its U.S. workforce, eliminating the chief operating officer position as part of a drive to align production with demand and move toward profitability. The moves follow February cuts and precede the potential mass-market Cosmos launch this year, while the company pursues robotaxi plans with Uber and Nuro.
SpaceX has announced a senior unsecured notes offering to raise about $20 billion to refinance a bridge loan and fund expanding AI infrastructure, including Starship and Starlink. The move follows a record IPO and large cash reserves, but faces scrutiny over negative free cash flow and high capital needs.