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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
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
Elon Musk and Shivon Zilis decided to have children together after he spoke to her about population decline. When Zilis said she was ready to have children, Musk suggested he be the sperm donor, per a new book. AdvertisementAdvertisement"He really wants smart people to have kids, so he encouraged me to," Zilis told Isaacson. When Zilis decided she was ready to have children, Musk suggested that he could be the sperm donor. "When he comes in, they light up and have eyes only for him, which lights him up as well," Zilis told Isaacson.
Persons: Elon Musk, Shivon Zilis, Zilis, Musk, Elon, Walter Isaacson, Isaacson, Grimes, didn't, Strider Sekhar Sirius, Musk's Organizations: Service, Astra Alice, Zilis's Locations: Wall, Silicon, Austin, OpenAI, Neuralink, Silicon Valley
Opinion | Our Economy Thrives on Bad Feelings
  + stars: | 2023-08-18 | by ( Astra Taylor | ) www.nytimes.com   time to read: +3 min
A kind of existential insecurity is indelible to being human. But existential insecurity is not my focus here. I call this “manufactured insecurity.” Where existential insecurity is an inherent feature of our being — and something I believe we need to accept and learn from — manufactured insecurity facilitates exploitation and profit by waging a near constant assault on our self-esteem and well-being. Only by reckoning with how deep manufactured insecurity runs will it become possible to envision something different. Manufactured insecurity is far from inevitable, and yet it is intensifying.
Persons: , equanimity, can’t
REUTERS/Mike Blake/File PhotoWASHINGTON, Aug 15 (Reuters) - U.S. space startups have slashed workforces and restructured operations to survive amid an investment drought that has grounded once-lofty aspirations. Those struggles follow the April bankruptcy filing by satellite launch firm Virgin Orbit, which was owned by billionaire Richard Branson. "The focus for investors in this space is very different than what it was a couple years ago. The financial headwinds faced by rocket startups have triggered pain elsewhere as well. It shifted much of its focus to government defense programs as its commercial customers face tight capital markets, CEO Laurienti said.
Persons: Mike Blake, Jeff Bezos, Richard Branson, Joe Laurienti, Caleb Henry, Chris Kemp, Will Marshall, Quilty's Henry, Laurienti, Joey Roulette, Ben Klayman, Matthew Lewis Organizations: REUTERS, Elon, SpaceX, Astra, Labs, Ursa, Reuters, Planet Labs, Thomson Locations: Long Beach , California, U.S, Denver, Washington
In 2014, Astra Taylor co-founded the Debt Collective, the first union for debtors. Since then, one of her main goals has been to get student debt canceled. The Supreme Court finally struck down Biden's relief program in June, ruling that the president didn't have the authority to forgive so much consumer debt without prior authorization from Congress. Annie Nova: Did the Supreme Court's decision surprise you? In the long term, the cause of student debt abolition will prevail.
Persons: Astra Taylor, Joe Biden, didn't, Taylor isn't, Taylor, Annie Nova, Biden, Elena Kagan Organizations: Astra, Finance, Workers, Bank of America
[1/5] A worker stands near a Mini Cooper Electric car, that is displayed during the Gaikindo Indonesia International Auto Show in Tangerang, near Jakarta, Indonesia, August 10, 2023. REUTERS/Willy KurniawanTANGERANG, Indonesia, Aug 10 (Reuters) - Indonesia said on Thursday it would give automakers two more years to qualify for electric vehicle incentives in Southeast Asia's largest auto market, a move followed by investment commitments by China's Neta EV brand and Mitsubishi Motors. The moves announced at the Jakarta auto show come as Indonesia races Thailand and India to build out an EV industry as an alternative to China, the world’s largest producer. Indonesia is Southeast Asia’s largest auto market and its second-largest production hub behind Thailand. Until now, only two manufacturers have shifted enough production to Indonesia to qualify for full incentives: Wuling Motors (0305.HK) and Hyundai (005380.KS).
Persons: Willy Kurniawan TANGERANG, Agus Gumiwang Kartasasmita, ” Agus, Wuling, Hiroyuki Ueda, Stefanno Sulaiman, Kevin Krolicki, Conor Humphries Organizations: Cooper, REUTERS, China's, Mitsubishi Motors, Toyota, Daihatsu, Honda, Mitsubishi, New Energy Automobile, Wuling Motors, HK, Hyundai, Wuling, Air EV, Reuters, Gaikindo, Auto Show, Astra Motor, PT Astra International, Thomson Locations: Indonesia, Tangerang, Jakarta, Thailand, India, China, Southeast, Neta, Gaikindo Indonesia
Astra is cutting about 70 employees, as well as reallocating about 50 personnel from its rocket development program over to its space products unit, which builds the company's spacecraft engines. Astra noted that it had 278 total orders for spacecraft engines, as of four months ago, worth about $77 million in contracts. In a separate filing Friday, Astra said it raised $10.8 million in net proceeds from selling debt to investment group High Trail Capital. Astra stock was little changed in after-hours trading Friday from its close at 38 cents a share. In Friday's filing, Astra said it hired PJT Partners as a financial advisor, with the company "focused on thoughtfully pursuing opportunities to raise additional capital."
Persons: Chris Kemp, It's, Riley, PJT Organizations: Astra, High, Capital, Systems, Roth Capital, PJT Partners
Ukraine attacks Russian navy base near Novorossiysk
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +2 min
Aug 4 (Reuters) - Ukrainian sea drones attacked a Russian navy base near the Black Sea port of Novorossiysk, a major hub for Russian exports, early on Friday and were destroyed by Russian warships, Russia's defence ministry said. The attack prompted the Novorossiysk port to temporarily halt all ship movement, according to the Caspian Pipeline Consortium which operates an oil terminal there. Russian social media users reported hearing explosions and gunfire near Novorossiysk on Friday morning. Russia has also reported an attack by Ukrainian sea drones on its warships which were escorting a civilian vessel. Russian air defences downed 10 Ukrainian drones over Crimea on Friday morning and suppressed three more with electronic countermeasures, TASS cited the Russian defence ministry as saying.
Persons: Tom Hogue, Kim Coghill, Michael Perry Organizations: Caspian Pipeline Consortium, Caspian Pipeline, Astra, TASS, Reuters, Thomson Locations: Russian, Novorossiysk, Russia, Ukrainian, Crimea
Footage shows a drone strike in Moscow causing a huge explosion in the capital's business district. The capital's mayor, Sergey Sobyanin, said on Sunday that two office buildings in Moscow were damaged by drone attacks, accusing Kyiv of carrying out the strikes. Russia's Ministry of Defense said Moscow's air defense systems destroyed one drone on Sunday, while jamming another two drones that lost control and crashed into a building. But Ukrainian President Volodymyr Zelenskyy referenced the drone attacks in his daily address on Sunday. Footage of the aftermath posted on Telegram and social media showed one of Moscow's skyscrapers clearly damaged from the strike.
Persons: Sergey Sobyanin, Sobyanin, Volodymyr Zelenskyy Organizations: Service, Storyful, Street Journal, RT, Russia's Ministry of Defense, TASS, ASTRA, Kremlin, United Nations Locations: Moscow, Russia, Wall, Silicon, Russian, Ukraine, Kyiv, State
A new video shows Russian troops raising the alarm about their treatment by commanders in Ukraine. The 50 or so mobilized soldiers said they weren't given food or ammo, and weren't being paid on time. They warned that they were being led by a "drunk commander" to reinforce positions in Bakhmut. A man in the video added that the commander from another unit "said that for us it would be a suicide mission." The Wagner Group, led by Yevgeny Prigozhin, was stationed in Bakhmut in the spring, before being replaced by the Russian army.
Persons: weren't, they'd, Yevgeny Prigozhin, Al Organizations: Service, Russian, 85th Brigade, Astra, Russian Defense Ministry, Drones Locations: Ukraine, Bakhmut, Wall, Silicon, Svetlodarsk, Russian, Kyiv, Moscow, what's, Russia, Al Jazeera
British musician Eric Clapton apparently tried to give $5,000 to Robert F. Kennedy Jr's presidential campaign. Like Kennedy, Clapton has been critical of vaccines and COVID-related health mandates. According to federal campaign finance law, individuals can contribute no more than $3,300, and campaigns are barred from accepting donations from foreign nationals. Kennedy's campaign refunded the donation, according to documents filed with the Federal Election Commission on Friday. Federal Election CommissionAltogether, Kennedy reported raising $6.3 million since launching his long-shot campaign for the Democratic nomination in April.
Persons: Eric Clapton, Robert F, Kennedy Jr's, , Kennedy, Clapton, Kennedy Jr, Joe Biden, it's, he'd, Kennedy didn't Organizations: Service, Federal, Democratic, Democratic National Committee, Astra, Clapton Locations: Wall, Silicon, British, England, United Kingdom
Spacecraft engine manufacturer and small rocket builder Astra plans to conduct a reverse stock split at a 1 to 15 ratio, the company disclosed in a securities filing Monday. Astra also seeks to raise up to $65 million through an "at the market" offering of common stock, the filing said. Astra's filing said the reverse stock split is expected to take place on or before October 2, after its board approved the plan July 6. The company previously outlined a reverse split as part of its plan to avoid delisting by the Nasdaq exchange. Functionally, a reverse split, often done as a 1 for 10, would mean a $3 stock, for example, would become $30 a share.
Organizations: Astra, Nasdaq
Newly Published, From Susan Sontag to the Black Working Class
  + stars: | 2023-06-23 | by ( ) www.nytimes.com   time to read: +1 min
AMERICAN WHITELASH: A Changing Nation and the Cost of Progress, by Wesley Lowery. (Yale, $35.) A historian explains how California “welcomed, honed and legalized” human bondage for 250 years, from the legalized enslavement of Native Americans to forced labor in today’s prisons. RIVERMOUTH: A Chronicle of Language, Faith, and Migration, by Alejandra Oliva. Reflecting on her family’s fluid relationship to the southern U.S. border and her experience working with asylum seekers, Oliva meditates on the seemingly insurmountable barriers migrants face today.
Persons: Wesley Lowery, Barack Obama, Lowery, Jean Pfaelzer, California “, Itamar Vieira Junior, Johnny Lorenz, Alejandra Oliva, Oliva meditates Organizations: Yale, Astra House Locations: CALIFORNIA, California, Brazil, U.S
A pair of Colorado space companies laid off employees this past week, seeking to adapt to the new normal of a tight funding environment. The layoffs came at Ursa Major, which makes rocket engines, and Orbit Fab, a startup aiming to provide refueling services to spacecraft. An Ursa Major spokesperson confirmed to CNBC that the company restructured, but declined to specify the number of layoffs made. In a statement, Ursa Major said the job reductions are "realigning our workforce to better meet the needs of our national security customers." TechCrunch first reported the Ursa Major layoffs.
Persons: Major, Adam Harris, Harris, Ursa Major Organizations: Ripley, Ursa, Ursa Major, CNBC, Space Capital, Air Force Research Laboratory, Astra, Space Force, Space Agency, TechCrunch Locations: Colorado, Berthoud , Colorado, Lafayette , Colorado
SpaceXCNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Overview: Chasing the FalconNo rocket has been better-described as a "workhorse" than SpaceX's Falcon 9. Aside from Blue Origin's New Glenn, the early theme is rockets that are close to the capability of Falcon 9 and less expensive. – CNBC, which the lawsuit says were used for NASA projects including the International Space Station and the Space Launch Systems rocket. – Firefly Aerospace: The rocket builder says the deal will bolster its launch, spacecraft, and lunar lander businesses.
Persons: CNBC's Michael Sheetz, Phil Smith, SpaceX's, Glenn, Smith, , Smith doesn't, CNBC ULA, Tory Bruno, Jeff Bezos, ULA, – Read, Shepard, Bob Smith, Jim Free, Artemis, HawkEye, – Hydrosat, Leonardo DiCaprio, – Momentus, Westinghouse EchoStar's Hughes, – EchoStar, Iris Lan, Sumara Thompson, King, Lan, – NASA Celeste Ford, Ford, – SpiderOak Melissa Quinn, Quinn Organizations: SpaceX CNBC's, SpaceX, Falcon, Boeing, NASA, CNBC, CNBC Department of Defense, Ukraine, Starlink, Pentagon, , Space Station, Systems, CNBC SpaceX, Cargo, International Space, FAA, Intelsat, Japan Airlines, Embraer, – Intelsat, Rocket, ONE, Washington, Spaceflight, Aerospace, Aerospace Spacecraft, York, MaC Venture Capital, Broom Ventures, Veto, TechCrunch Viasat, Air Force, Viasat, Westinghouse, U.S . Department of Justice, – NASA, Ford, Stellar Solutions Locations: Florida, China, Russia, Colorado, Ukrainian, Bellevue , Washington, Cortado, Cornwall
Taste testing the space food of the future
  + stars: | 2023-06-03 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +7 min
The competition led the Astra Gastronomy team at Nonfiction, a design and innovation firm based in San Francisco, to develop the Space Culinary Lab. Bringing that level of agency to astronauts is where designers like us start.”The Space Culinary Lab made it through the first phase of the Deep Space Food Challenge in October 2021. This rendering shows what the Space Culinary Lab might look like inside a spacecraft. Time for a taste testThe futuristic space food prepared using the culinary lab was available for a taste test at Nonfiction during CNN’s visit in March, including space coffee and algae mixed with different flavors. The fruit powders masked the algae flavor and made it taste more like a slightly sweet treat without added sugars.
Persons: San Francisco CNN —, , Phnam Bagley, , Bagley, munch, sizzle, bok, Mona Lisa ”, CNN’s, Mark Alexander, Mardis Bagley, Nadia Kutyreva, Fifile Nguyen, ” Bagley Organizations: San Francisco CNN, NASA, Canadian Space Agency, Astra Locations: San Francisco, Mars
Anadolu Agency | Anadolu Agency | Getty ImagesDeal ends the payment pause, likely for goodThe pause on federal student loan payments is one of the few remaining Covid-related relief measures still in effect. The policy has suspended the accrual of interest on federal student debt and allowed borrowers to forgo making their payments without facing any penalties. watch nowThe White House was aiming to restart student loan payments within months anyway, Kantrowitz said, and so "the legislation does not represent a change in that regard." The Biden administration has warned that resuming student loan payments without being able to carry out its debt forgiveness plan could trigger a historic spike in defaults and delinquencies. Student loan forgiveness, other relief, not in agreement
New Story Collections on Life’s Absurdities and Pains
  + stars: | 2023-05-30 | by ( Jen Vafidis | ) www.nytimes.com   time to read: +1 min
Gender, relationships, family and the meaning of pop culture. But does “Almost Famous” have a scene when the sky opens to reveal giant chopsticks hovering over salmon roe as big as skyscrapers? A minor description from Theodore McCombs’s inquisitive fantasia URANIANS (Astra House, 210 pp., $25), his debut collection, illuminated the whole book for me. The main character in “Laguna Heights,” frustrated by memory gaps caused by his top-shelf neurotechnology, is called the “sort of man pleased to remember that old movies are still in the world.” He’s not pleased; he’s the kind of person who would be pleased. This detached phrasing, however tossed-off, tore me out of the moment, and confronted me with an iffy behavioral theory: Identity predetermines emotions and actions, and emotions and actions reinforce identity, in one smooth loop.
Persons: I’ve, Reiko, bender, you’ve, Theodore McCombs’s, fantasia, , He’s Organizations: Astra House Locations: Laguna Heights
The Capitalist Generation’s Space Race
  + stars: | 2023-05-10 | by ( Mark Gimein | ) www.nytimes.com   time to read: +3 min
Worden’s foes think nothing of siccing federal investigators on him and his team in an intramural death match. To put it succinctly, in Vance’s telling, NASA and its usual-suspect corporate partners were basically devoted to doing very little — or ideally, nothing — at maximum expense. So Worden’s team went in the opposite direction: The simpler and cheaper the better. Will Marshall, a physics prodigy and space expert, became the informal leader of a group of Ames recruits living in a Silicon Valley group house, known as the Rainbow Mansion. The housemates started working on the smallest satellites they could come up with — shoebox-size contraptions they would eventually call Doves.
DUBAI, May 2 (Reuters) - Etihad Airways, Abu Dhabi's state carrier, on Tuesday signed an agreement with technology firm Astra Tech that allows customers to make flight bookings using artificial intelligence within chat app BOTIM, Astra Tech said. Astra Tech has said its GPT is the first that works in the Arabic language. "Through the BOTIM GPT module developed by Astra Tech, flights and other travel-related services are integrated into the Botim app, offering a convenient and innovative way for customers to book Etihad flights," Astra Tech said. Astra Tech bought BOTIM last year for an undisclosed sum from about 12 investors, Astra Tech founder and BOTIM CEO Abdallah Abu Sheikh told Reuters last month. BOTIM is one of the top three digital remittance providers in the UAE, one of the other services the app provides, Sheikh said.
The holes in the ground are covered by metal grilles, and are makeshift dungeons called "zindans." Independent Russian media also reported recent cases of Russian troops being held in"zindans." The intelligence update comes several weeks after the independent Russian media outlet Vertska also reported that Russian troops were beaten and placed in "zindans." He pleaded for help from the Russian defense ministry, accusing his commanding officer of being "corrupt." The Russian defense ministry's press service did not immediately respond to Insider's request for comment sent outside regular business hours.
The lens of the story moves from his point of view to that of the missing girl, who is found after three days of sheltering inside a hollow tree to hide her first period from the prettier, wealthier girls. To the outside world, she is missing; she sees it as protecting herself. Reich’s stories have a density to them: long paragraphs weighted with rich description, bricks placed carefully to build constructions capable of supporting the weight of history. Alejandro Varela’s THE PEOPLE WHO REPORT MORE STRESS: Stories (244 pp., Astra House, $26) is a master class in analyzing the unspoken. In “She and Her Kid and Me and Mine,” a gay, half-Salvadoran, half-Colombian father chats with a straight white mother while their young children have a play date.
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