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☆ A handful of space companies are running out of cash and time. Here are three at risk
▼ + stars: | 2024-01-27 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

A flurry of about a dozen space companies went public over the last few years. SidusSidus Space is a little-known space company that went the traditional IPO route in late 2021 and began trading on the Nasdaq at a near $200 million valuation. But it had less than $2 million in cash at the end of September, trading at a near $9 million valuation according to FactSet. Elsewhere in spaceA fourth space company in a potentially precarious spot is satellite imagery company Satellogic . Overall, investment in the space sector bounced back in 2023, with companies bringing in $12.5 billion in investment last year.

Persons: Here's, Momentus, there's, Sidus, Satellogic, hasn't Organizations: Astra, Astra Astra, Nasdaq, CNBC, Terran

☆ Voices of Peaceful Protest
▼ + stars: | 2024-01-12 | by ( Abmcganney Nolan | ) www.nytimes.com time to read: +1 min

It’s been 40 years since Martin Luther King’s Birthday became a national holiday, and the question of how to celebrate it was probably best answered by the late John Lewis. Dr. Martin Luther King Jr.’s holiday and throughout the year. Written by Alice Faye Duncan and illustrated by R. Gregory Christie, CORETTA’S JOURNEY: The Life and Times of Coretta Scott King (Calkins Creek/Astra, 48 pp., $18.99, ages 7 to 10) provides a stirring introduction to a woman who stood strong before and after her husband’s 1968 assassination. With telling details, Duncan describes the likely sources of Coretta Scott King’s fortitude: her remarkable parents, her religious faith and a willingness to defend herself. Coretta’s mother advised her two daughters to “get an education and try to be somebody,” and the book’s first half shows how Coretta became somebody in Alabama, Ohio and Boston.

Persons: It’s, Martin Luther King’s, John Lewis, ”, Lewis, Coretta Scott King, Martin Luther King Jr, Alice Faye Duncan, Gregory Christie, Calkins, Duncan, Coretta Scott King’s, Coretta’s, “, Coretta Organizations: Astra Locations: Georgia, Alabama , Ohio, Boston

☆ Ukraine launched a barrage of attack drones at Crimea overnight, Russia says
▼ + stars: | 2023-12-05 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Russia says Ukraine sent a wave of 41 drones over Crimea targets overnight on Monday. AdvertisementUkraine sent a wave of attack drones across Crimea overnight on Monday, Russian officials said, amid multiple unconfirmed reports of explosions on the peninsula. AdvertisementIn accounts cited across mainstream Ukrainian media, various prominent Telegram accounts reported explosions over eastern Crimea. The Kerch Bridge, which connects Russia to the Crimean peninsula, is a prime target for Ukraine. Meanwhile, Crimean Wind also reported explosions being heard there, and said that a Pantsir-S1 antiaircraft missile system was fired from the oil depot.

Persons: —, Russia's, Ukrainska, Andriy Yusov, Yusov, It's, Baza Organizations: Service, Russian Ministry of Defence, MOD, Astra, Ukrainian Telegram, Ukrainska Pravda, Defense, Ukrainian Defense Forces, UK's Ministry of Defence, Russian Locations: Russia, Ukraine, Crimea, Azov, Kerch, Ukrainian, Feodosia

Agriculture has suffered losses of over $25 billion since the war began, Ukrainian grain trader association UGA estimates. Ukraine's grain exports so far in the 2023/24 season that started in July are running 28% below the year-earlier volume, according to agriculture ministry data. A new Black Sea shipping channel may offer a lifeline, like for Ukraine's depleted steel industry. An additional 943,000 tons should leave from Black Sea ports and 464,000 tons from the Danube by the month-end. A Russian missile strike on port infrastructure in Odesa on Nov. 21 added to a series of attacks on Ukraine's Black Sea and Danube grain ports.

Persons: Stringer, Jean, Francois Lepy, Dmitry Skornyakov, Denys Marchuk, Skornyakov, Yuriy Stelmakh, Roman Gorobets, Soliman, Scott Wellcome, Pavel Polityuk, Gus Trompiz, Nigel Hunt, David Evans Organizations: REUTERS, Agriculture, UGA, Spike, Agrarian Council, FE ASTRA, Kremlin, Mediterranean, Thomson Locations: Ukraine, Zaporizhzhia region, PARIS, Russia, UN, Geneva, Black, Russian, Odesa, Romania's Constanta, Brazil, Egypt, GoodMills, Kyiv, Paris, London

☆ Ukrainian forces blew up a dance hall where an actress was performing for Russian troops: reports
▼ + stars: | 2023-11-22 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Even staying away from the frontlines isn't safe for Russian and Ukrainian troops. Ukrainian forces shelled a dance hall where an actress was performing for Russian troops. Earlier this month, Russia attacked a military ceremony in Ukraine, killing soldiers. AdvertisementUkrainian forces blew up a dance hall in occupied eastern Ukraine, killing a Russian actress who had been performing for her country's troops, according to multiple reports. The attack killed about 20 Russian soldiers, the BBC reported, citing Ukrainian sources.

Persons: —, Polina Menshikh, Menshikh, It's, Volodymyr Zelenskyy Organizations: Service, BBC, Russian Telegram, Astra Locations: Ukrainian, Russia, Ukraine, Russian, Kumachove

☆ Russian companies' scaled-down IPOs in 2023
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

A customer walks in a store of Russian clothing retailer Henderson in Moscow, Russia October 31, 2023. IPO/DPO- Biotech startup Genetico (GECO.MM) raised 179 million roubles in an IPO in April. - CarMoney, a fintech service owned by SmartTechGroup (STG) raised 978 million roubles in a direct public offering (DPO) in July. - Technology company Astra (ASTR.MM) raised 3.5 billion roubles in an October IPO. - Men's clothing chain Henderson (HNFG.MM) attracted 3.8 billion roubles through its IPO in early November.

Persons: Maxim Shemetov, Uzhuralzoloto, Vladimir Putin's, Softline, Alexander Marrow, Kevin Liffey Organizations: Henderson, REUTERS, Biotech, SmartTechGroup, Technology, Astra, SPO, State, VTB Bank, Reuters, Thomson Locations: Moscow, Russia, Ukraine, IPOs

☆ There's a new entry into the weight loss drug boom. Here's the outlook for the stock
▼ + stars: | 2023-11-09 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

AstraZeneca is the latest player to enter the weight loss drug arena, a market which some analysts have forecasted could reach $100 billion by 2030 . The GLP-1 drug market is currently dominated by two players: Novo Nordisk , which sells Type 2 diabetes treatment Ozempic and weight loss medication Wegovy, and Eli Lilly , which sells Mounjaro as a treatment for Type 2 diabetes. Lilly just had the weight loss version of its drug, Zepbound , approved by the Food and Drug Administration. It's still early days for AstraZeneca's ECC5004 drug, which is being assessed in a U.S.-based phase 1 trial involving patients with Type 2 diabetes. He currently rates AstraZeneca stock as overweight.

Persons: Eccogene, Wegovy, Eli Lilly, Lilly, It's, Colin White, James Gordon, Morgan Stanley, Mark Purcell, AstraZeneca's Farxiga, Purcell, Michael Bloom, Christina Cheddar, Berk Organizations: AstraZeneca, Novo Nordisk, Food and Drug Administration, Centers for Disease Control, UBS, Wall Street, JPMorgan Locations: U.S

☆ Russian gold miner Uzhuralzoloto announces IPO despite UK sanctions on owner
▼ + stars: | 2023-11-09 | by ( Anastasia Lyrchikova | ) www.reuters.com time to read: +2 min

Alfa Bank analysts valued UGC's share capital at 140.5-170.8 billion roubles ($1.53-1.86 billion). Britain imposed sanctions on 29 individuals and entities in Russia's gold and oil sectors on Wednesday, including Strukov and two of Russia's largest gold producers, Nord Gold and Highland Gold Mining, but not UGC itself. Britain's National Crime Agency (NCA) also issued an alert to financial institutions, warning them about Russian attempts to use gold to evade sanctions. Strukov said the IPO would allow UGC to reach more investors, diversify the shareholder structure and lower its debt burden. A string of small offerings has breathed some life into Russia's equity capital markets in recent months.

Persons: Uzhuralzoloto, Konstantin Strukov, Strukov, Anastasia Lyrchikova, Felix Light, Alexander Marrow, Mark Potter Organizations: UGC, Alfa Bank, Reuters, Nord, Highland Gold Mining, Crime Agency, Astra, Thomson Locations: Russia, Ukraine MOSCOW, Moscow, Britain, Ukraine, Nord Gold

☆ Astra founders offer to take company private at value of about $30 million
▼ + stars: | 2023-11-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The founders of struggling space company Astra have offered to take the company private at a value of about $30 million, according to a securities filing Thursday. That price is a 103% premium to Wednesday's closing price of 74 cents a share, which represents a market value of about $16 million. "We believe that Astra's strategic objectives and business prospects will be best served as a private company. Kemp and London are also "open to certain accredited investor stockholders of the Company rolling their equity into the transaction." The company is running out of cash, with its acquired spacecraft propulsion business yet to drive meaningful quarterly revenue.

Persons: Chris Kemp, Adam London, " Kemp, Kemp Organizations: Astra, San, Company, London, CNBC PRO Locations: San Francisco Bay, Alameda , California, London

☆ Ukraine appears to be gunning for a top Russian battlefield commander who has had an unusual run as a military leader
▼ + stars: | 2023-11-07 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Ukraine appears to be gunning for him as Kyiv's military makes pushes in his area of control. According to several prominent Russian military bloggers and independent Russian media reporting, the Ukrainian military fired long-range missiles last week at the Dnepr battlegroup's headquarters. Astra, the independent Russian publication, reported that Ukrainian missiles hit command posts belonging to the Dnepr group in Strilkove that same day. As the Russian military bloggers noted, the timing of the strikes fall in line with an uptick in Ukrainian assaults around the Dnipro. "Teplinsky's appointment is likely an indication of increased pressure on Russian forces defending the area," Britain's defense ministry said in late October.

Persons: Gen, Mikhail Teplinsky, gunning, —, Moscow's, Rybar, ROMAN PILIPEY, Teplinsky —, Russia's ultranationalists, Vladimir Putin, Teplinsky, Oleg Makarevich Organizations: Service, Moscow's VDV Airborne Forces, Dnepr, Ukraine, Storm, Russian, Neptune, Telegram, Astra, Getty, Wagner Group, Kremlin ., Institute for, Ukrainian, Command, Special Operations Forces of, Armed Forces of, Facebook, Dnipro, Kyiv Locations: Russian, Col, Ukraine, Kherson, that's, Azov, Dnipro, Ukrainian, AFP, Teplinsky, Russia, Kremlin . Russian, Washington, Armed Forces of Ukraine, Kherson Oblast

☆ Russian soldiers killed a Ukrainian family of 9 for refusing them moonshine liquor, reports say
▼ + stars: | 2023-11-04 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Two Russian soldiers are being investigated for murdering a Ukrainian family. Reports say that they had a dispute over the soldiers demanding moonshine liquor. Throughout the conflict there have been multiple reports of Russian soldiers heavily consuming alcohol. AdvertisementAdvertisementTwo Russian soldiers are being investigated for killing a Ukrainian family, possibly in revenge for not giving them moonshine, according to reports. Throughout the conflict, there have been multiple reports of Russian soldiers heavily consuming alcohol and drugs.

Persons: —, Putin, Ramzan Kadyrov Organizations: Service, Russian Investigative, Russian Telegram, Chechen, Russian Army, Astra, Russian Investigative Committee, Russian, Separate Naval Infantry Brigade, for Locations: Ukrainian, Donetsk, Russian, Chechen, Russia, Ukraine, Chechnya, Russia's North Caucasus

☆ Astra defaults on debt agreement, warns it may not be able to raise needed cash
▼ + stars: | 2023-11-03 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Struggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt agreement and may not be able to raise needed cash as funds dwindle. Astra twice last month failed to meet minimum cash reserve requirements associated with a $12.5 million note issuance to New Jersey investment group High Trail Capital. The debt raise first required that Astra have "at least $15.0 million of cash and cash equivalents" on hand. That liquidity requirement was adjusted after Astra failed to prove compliance a first time, to require "at least $10.5 million of unrestricted, unencumbered cash and cash equivalents." The company performed a 1-for-15 reverse stock split in September to avoid a Nasdaq delisting, which temporarily brought Astra stock above $1 a share.

Organizations: NASA, Astra, High Locations: Florida's Cape Canaveral, New Jersey

☆ Indonesia president breaks ground on airport in new capital
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

Indonesia's President Joko Widodo takes the stage to speak about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Nov 1 (Reuters) - Indonesia's President Joko Widodo on Wednesday broke ground on the construction of an airport in the country's new capital city, Nusantara. Jokowi, as the president is known, is this week expected to launch a total of 10 projects worth 12.5 trillion rupiah ($783.85 million) in Nusantara, which Indonesia is building from scratch amid the jungles of Borneo island. The 347-hectare airport is expected to be fully operational by December 2024, the president said, without detailing the total value of the project. The country has allocated 40.6 trillion rupiah for the construction of Nusantara in its 2024 budget.

Persons: Joko Widodo, Edgar Su, Agung, Grup, Ananda Teresia, Stefanno Sulaiman, Kanupriya Kapoor Organizations: Nusantara, REUTERS, Rights, Astra International, Thomson Locations: Singapore, Rights JAKARTA, Nusantara, Indonesia, Borneo, Jakarta, Nusantara .

☆ Indonesian president breaks ground for airport in planned $32-bln capital
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Indonesia's President Joko Widodo takes the stage to speak about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsJAKARTA, Nov 1 (Reuters) - Indonesian President Joko Widodo broke ground on Wednesday for construction of several projects ranging from an airport, toll-road and hospital to a hotel in a planned new capital city, Nusantara. The 347-hectare (857-acre) airport is expected to be fully operational by December 2024, the president said, at a total cost of 4.2 trillion rupiah ($263 million). The government targets the second half of 2024 for an international hospital, built by Indonesian hospital chain Mayapada (SRAJ.JK), to become operational. The president said he would break ground on nine projects in December, but gave no details.

Persons: Joko Widodo, Edgar Su, Jokowi, Pakuwon, Agung, Ananda Teresia, Stefanno Sulaiman, Kanupriya Kapoor, Clarence Fernandez Organizations: Nusantara, REUTERS, Rights, Astra International, Thomson Locations: Singapore, Rights JAKARTA, Nusantara, Jakarta, Indonesia, Borneo, Balikpapan, Indonesian

☆ Indonesia President Breaks Ground on Airport in New Capital
▼ + stars: | 2023-10-31 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

JAKARTA (Reuters) - Indonesia's President Joko Widodo on Wednesday broke ground on the construction of an airport in the country's new capital city, Nusantara. Jokowi, as the president is known, is this week expected to launch a total of 10 projects worth 12.5 trillion rupiah ($783.85 million) in Nusantara, which Indonesia is building from scratch amid the jungles of Borneo island. The 347-hectare airport is expected to be fully operational by December 2024, the president said, without detailing the total value of the project. The country has allocated 40.6 trillion rupiah for the construction of Nusantara in its 2024 budget. A consortium of Indonesian companies including energy firm Adaro, conglomerate Astra International, property firm Agung Sedayu Grup, and energy company Barito Pacific have invested about 20 trillion rupiah in Nusantara.

Persons: Joko Widodo, Agung, Grup, Ananda Teresia, Stefanno Sulaiman, Kanupriya Kapoor Organizations: Nusantara, Astra International Locations: JAKARTA, Nusantara, Indonesia, Borneo, Jakarta, Nusantara .

☆ These 5 groups of borrowers could still get student loan forgiveness under Biden's 'Plan B'
▼ + stars: | 2023-10-18 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Nearly 40 million Americans stood to benefit from President Joe Biden's original student loan forgiveness plan, which the Supreme Court ultimately blocked over the summer. Though the Biden administration is now trying to cancel education debt another way, experts have warned that borrowers should temper their expectations. Given the legal challenges of passing sweeping debt forgiveness, they say the president's Plan B for relief is likely to be narrower in its reach. More from Personal Finance:Workers rights amid a 'summer of strikes'Couples leverage 'something borrowed' to cut wedding costs'Soft landing, no recession,' Bank of America predictsIndeed, Kantrowitz estimates that less than 10% of federal student loan borrowers will qualify this round. On the campaign trail, Biden promised to cancel at least $10,000 of student debt per person.

Persons: Joe Biden, Education Secretary Miguel Cardona, Joe Biden's, Biden, Mark Kantrowitz, Astra Taylor Organizations: Education Secretary, White, Washington , D.C, Finance, Workers, Bank of America, U.S . Department of Education, Consumer, CNBC Locations: Washington ,

☆ Russian tech firm Astra raises $36 mln in Moscow IPO
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Russian share listings have been thin on the ground since Russia sent troops into Ukraine in February 2022, and are generally characterised by small volumes and dependent on Russian investors after an exodus of Western capital. Astra dominates Russia's operating system (OS) market with its Astra Linux software. Astra said it set the price at 333 roubles per share, corresponding to a market value of 69.9 billion roubles. "The IPO allowed us to launch a long-term motivation programme for our employees," CEO Ilya Sivtsev said in a statement. Trading under the ASTR ticker on the Moscow Exchange (MOEX.MM) should begin later on Friday.

Persons: Ilya Sivtsev, Gleb Stolyarov, Olga Popova, Alexander Marrow, David Evans, Sharon Singleton Organizations: Astra, Astra Linux, Astra Group, Moscow, Thomson Locations: Russia, Ukraine MOSCOW, Russian, Moscow, Ukraine

☆ Investing in Space: A reality check on SPAC frenzy revenue projections
▼ + stars: | 2023-10-12 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +13 min

Overview: Forecast or fantasyWe're now at least two years on from when a slew of space companies went public during the SPAC frenzy, and, look, none of them look great. Now a bit further down the road, I want to look at a different financial metric: 2023 revenue projections. I ran an informal series for a while to mark when a space company announced it was going public. The rest of the pack isn't as on the mark: A few companies are roughly halfway to their earlier 2023 revenue projections, or performing even better. Spire forecast 2023 revenue of $227 million and is closing in on about $107 million.

Persons: Angela Weiss, CNBC's Michael Sheetz, it's, I'd, Here's, Derek Tournear, Ron Rosano, Trevor Beattie, Namira Salim, –, REx, Christopher Povak, Lisa Watson, Morgan, – Watson, Morgan Starliner, General, NASA Astrobotic, Andy Lapsa Organizations: New York Stock Exchange, AFP, Getty, Terran, Galactic Astra, CNBC, Pentagon, Space Development Agency, LinkedIn, Galactic, NASA, NASA NRO, Soyuz, – Reuters, Reuters SpaceX, FAA, Federal Aviation Administration, IAC, Lunar Research, SpaceX, Boeing NASA, Moonshots Capital, Lavrock Ventures, Veteran Fund, Mana Ventures, AIN Ventures, Capital Factory, Astra, – Bloomberg, ViaSat, Viasat Locations: Russian, Azerbaijan, Russia, Venezuela, South Africa, Florida, Washington, CNBC Los Angeles

☆ Why even those winning 'the capitalist game' feel insecure, says Debt Collective co-founder
▼ + stars: | 2023-10-07 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

The security cameras were there, at least in part, to make the workers feel insecure about holding on to their jobs, Taylor writes. "We can see the degree to which unnecessary suffering is widespread even among those who appear to be 'winning' according to the logic of the capitalist game," Taylor writes. Astra Taylor: I think there is existential insecurity. by author Astra Taylor Courtesy: Astra TaylorAN: How would being more honest about our own vulnerabilities help? Working with the Debt Collective, I see how lucky we were that we didn't have to take on a lot of medical debt.

Persons: Astra Taylor, Taylor, Massey, Margaret Atwood, Noam Chomsky, Annie Nova, I've Organizations: Astra, Astra Taylor's, Brooklyn café, Finance, Social Security, Security, Canadian Broadcasting Corp Locations: American

☆ A Russian air-defense system got wrecked after it fell off a bridge into the path of a moving train, report says
▼ + stars: | 2023-10-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

A Russian air-defense system was hit by a train after falling off a bridge, per a Russian report. Russia has lost 32 Strela-10 air-defense systems in Ukraine since the start of the war, per Oryx. AdvertisementAdvertisementA Russian air-defense missile system was destroyed after it fell off a bridge into the path of a freight train, according to independent Russian media. AdvertisementAdvertisementInsider was unable to independently verify the report, which also described the air-defense system as a Strela-10 antiaircraft missile system belonging to the Russian Armed Forces. In mid-September, Ukrainian drones and missiles destroyed an advanced S-400 "Triumf" air-defense system worth hundreds of millions of dollars.

Persons: —, Samuel Bendett Organizations: Service, Astra, Russian Armed Forces, Center for Naval Locations: Russia, Ukraine, Russian, Donetsk

☆ Biden cancels $9 billion in student debt for 125,000 borrowers
▼ + stars: | 2023-10-04 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

President Joe Biden announced Wednesday that he approved $9 billion in student loan forgiveness for 125,000 Americans. "Biden has forgiven more student loan debt than any previous president," said higher education expert Mark Kantrowitz. Federal student loan payments resumed Oct. 1 after being on pause for more than three years. Before the Supreme Court verdict, Education Department Undersecretary James Kvaal had warned that if the administration was unable to deliver on Biden's sweeping student loan forgiveness plan, delinquency and default rates could skyrocket. More recently, the Consumer Financial Protection Bureau estimated that 1 in 5 student loan borrowers could struggle with the resumption of payments.

Persons: who've, Joe Biden, Biden, Mark Kantrowitz, Taylor Swift, he'd, Astra Taylor, Taylor, James Kvaal Organizations: Public, Finance, Biden, Department, Education, Federal, Consumer Financial, Bureau

MOSCOW, Oct 3 (Reuters) - Russian technology company Astra plans to open the books for an initial public offering (IPO) on the Moscow Exchange on Thursday, two financial market sources told Reuters, with trading due to start on Oct. 13. Astra's listing, which is expected to result in a free float of about 5%, could breathe some life into Russia's moribund equity capital markets, which have been starved of deals since Moscow sent its troops into Ukraine in February 2022, prompting sanctions and the departure of Western bankers and lawyers. Reporting by Olga Popova and Gleb Stolyarov; Writing by Alexander Marrow; Editing by Mark TrevelyanOur Standards: The Thomson Reuters Trust Principles.

Persons: Olga Popova, Gleb Stolyarov, Alexander Marrow, Mark Trevelyan Organizations: Astra, Moscow, Thomson Locations: MOSCOW, Russian, Moscow, Ukraine

SummaryCompanies This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Oct 3 (Reuters) - Russian technology company Astra plans to open the books for an initial public offering (IPO) on the Moscow Exchange on Thursday, two financial market sources told Reuters, with trading due to start on Oct. 13. Sberbank, Gazprombank, Alfa Bank and Start Capital were chosen as organisers of the offering, said the sources, who asked not to be named because the information is private. Astra dominates Russia's operating system (OS) market with its Astra Linux software. ($1 = 98.3250 roubles)Reporting by Olga Popova and Gleb Stolyarov; Writing by Alexander Marrow; Editing by Mark TrevelyanOur Standards: The Thomson Reuters Trust Principles.

Persons: Olga Popova, Gleb Stolyarov, Alexander Marrow, Mark Trevelyan Organizations: Astra, Moscow, Alfa Bank, Start, Astra Group, Astra Linux, Thomson Locations: Russia, Ukraine, MOSCOW, Russian, Moscow

Oct 2 (Reuters) - Russian technology company Astra on Monday said it was planning to list its shares on Moscow Exchange this month in an initial public offering (IPO), potentially breathing some life into Russia's moribund equity capital markets. Electric scooter firm Whoosh (WUSH.MM) was the only Russian firm to hold an IPO last year, but its debut raised less than half its initial target and relied heavily on Russian retail investors for capital. Astra dominates Russia's operating system (OS) market with its Astra Linux software. Alfa Bank analysts valued Astra, which more than doubled its core earnings year on year to 5.4 billion roubles in 2022, at around 70 billion-90 billion roubles ($707 million-$909 million) in a report published on Monday. Also on Monday, spirits producer Kristall said it was hoping to raise 1.5 billion roubles in a fourth quarter IPO on Moscow Exchange, something it said would significantly accelerate growth.

Persons: pipemaker, Ilya Sivtsev, Sivtsev, Kristall, Alexander Marrow, Louise Heavens, Kirsten Donovan Organizations: Astra, Moscow, Astra Linux, Reuters, Alfa Bank, Moscow Exchange, Thomson Locations: Russian, Ukraine

☆ The guy who designed the iPhone and MacBook is reportedly talking to ChatGPT boss Sam Altman about a new AI device
▼ + stars: | 2023-09-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

iPhone designer Jony Ive and ChatGPT-head Sam Altman may be building an AI product togetherMasayoshi Son, CEO of SoftBank, is also looped into their conversations, The Information reported. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The potential AI product is still shrouded in mystery. The announcement of the potential AI hardware product comes as tech companies like Google, Microsoft, and Amazon race to build AI technology in an effort to beat OpenAI's conversational AI chatbot ChatGPT. Meanwhile, as for the CEO of SoftBank, Son is no stranger to ChatGPT.

Persons: Jony, Sam Altman, Son, It's, —, OpenAI's ChatGPT, Jony Ive, OpenAI, Masayoshi, SoftBank, SoftBank didn't, ChatGPT, LoveFrom, King Charles III Organizations: Service, OpenAI's, Google, Microsoft, Apple, Ferrari, Astra, CNBC Locations: OpenAI

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