Flex (NASDAQ: FLEX) executives used a fireside chat hosted by J.P. Morgan to outline the rationale behind the company’s planned spin-off of its Critical Power Infrastructure (CPI) business, while positioning the remaining Flex business as a diversified manufacturing and services platform focused on higher-margin sectors. Revathi Advaithi, chief executive officer of Flex, ...

SpaceX has revealed more plans relating to its provision of orbital and terrestrial computing in an IPO prospectus filed on Wednesday. The Elon Musk-controlled company, which includes LLM-builder xAI, social media platform X and aerospace and connectivity company SpaceX, is expected to begin trading in early June, according to media reports from the Wall Street Journal and ...

Amazon (NASDAQ: AMZN) has entered into a merger agreement with mobile satellite provider Globalstar, in a bid to boost its capabilities in direct-to-device (D2D) mobile satellite services. As part of the agreement, Amazon will acquire Globalstar’s existing satellite operations, infrastructure, and assets, including MSS spectrum licenses. Join 400 senior industry peers ...