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kevin rooseAnd you’re listening to “Hard Fork.”casey newtonThis week on the show, Sam Bankman-Fried goes to jail. If you give me, like, 1 percent of the internet, that’s going to give me an aneurysm. And those three are actually going to get to live that out. So I actually think the classroom of the future looks remarkably like the classroom today, but you reverse what you’re doing in it. And I think that’s another piece, is we have to not be delusional about what has actually happened in education.

Persons: casey newton, Joe Rogan, kevin roose You’re, casey newton They’ve, kevin roose They’ve, who’s, kevin roose, Kevin Roose, ” casey newton, Casey Newton, Sam Bankman, Fried, what’s, Wharton, Ethan Malek, kevin roose Casey, I’ve, casey newton Guy’s, David Jaffe Bellini, David, ” david jaffe bellini, casey newton Hi, ’, he’s, david jaffe bellini, david jaffe bellini That’s, they’re, Sam’s, there’s, that’s, Casey, — casey newton, david jaffe bellini I’m, he’d, Caroline Ellison, Caroline Ellison’s, Caroline, She’s, we’ve, they’ve, Sam, He’s, I’m, haven’t, It’s, You’ve, There’s, you’re, Ryan Salem, hasn’t, Gary, Nishad, They’ve, SBF, casey newton Look, Harlem Globetrotters ’, it’s, Kevin, casey newton Oh, kevin roose David Jaffe Bellini, we’re, kevin roose It’s, “, casey newton Sure, Ethan Mollick Ethan, kevin roose Ethan Mollick, ” ethan mollick, ethan mollick, That’s, casey newton Tell, ChatGPT, ethan mollick —, you’ve, Steve Jobs, don’t, You’ll, ethan mollick Oh, casey newton Well, We’ve, kevin roose I’m, Ethan, casey newton It’s, they’d, you’ll, They’re, Ethan Mollick, casey newton —, should’ve, let’s, Cruise, casey newton That’s, — david jaffe bellini, kevin roose —, ”, Alex, casey newton Hey, casey newton Yes, Kyle Vogt, Franciscans, I’ll, kevin roose Totally, casey newton Yep, Uber, casey newton Right, Dirk, Kevin kevin roose, shouldn’t, — casey newton Yes, casey newton Don’t, Rachel Cohn, Davis, We’re, Jen Poyant, Caitlin Love, Sophia Lanman, Dan Powell, Marion Lozano, Rowan Niemisto, Paula Shoeman, Tam, David McCraw, Nell Gallogly, Kate LoPresti, Jeffrey Miranda Organizations: Spotify, The New York Times, FTX, Conference, NFL, Google, “ New York Times, MDC, Republican, Alameda, Twitter, Harlem Globetrotters, Washington Generals, Wharton School, University of Pennsylvania, Fork University, Caud Academy, they’re, TA, . University, University, Hard Fork, Wharton, DMs, San, San Francisco, Cruise, Department of Motor Vehicles, University of Michigan Transportation Research Institute, Virginia Tech Transportation, YouTube Locations: New York, California, Bahamas, Alameda, FTX, autodelete, Caroline, Wharton, GPT, Kenya, America, San Francisco, Charlotte , North Carolina, Texas, North Beach, Cruise, Franciscans, robotaxis, AVs, Rhode Island, Zurich, Paris, Madrid, Swiss, Switzerland

☆ Lyft threatens to leave Minneapolis if the city raises the minimum wage for drivers, because prices could double and 'only the most wealthy could still afford a ride'
▼ + stars: | 2023-08-18 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

The Minneapolis city council has advanced a bill that could raise the minimum wage for rideshare drivers. "Prices could double, and only the most wealthy could still afford a ride," said Lyft. The Minneapolis city council's move to hike the minimum wage for rideshare drivers has Lyft threatening to exit the city if the bill becomes law. Rival rideshare company Uber also lashed out against the law. To be sure, data from Rakuten Intelligence shows a 92% rise in Uber and Lyft ride costs between 2018 and 2021.

Persons: Uber, Lyft, Jacob Frey, vetoing, Marianna Brown Organizations: Morning, CNN, Democratic, Associated Press, CBS News Minnesota, Rakuten Intelligence Locations: Minneapolis, City, —

New York CNN —Lyft and Uber threatened to stop doing business in Minneapolis after the city council adopted a new rule Thursday that would set a minimum wage for rideshare drivers. In a 7-5 vote, the Minneapolis City Council passed an ordinance that includes a number of rideshare worker protections, including a minimum wage for Uber and Lyft drivers. Minneapolis is debating the minimum wage as gig workers across the country are advocating for fair wages and job benefits. Uber sent an email to its drivers on Monday, urging them to contact the Mayor and City Council to ask them to oppose the move. Uber said its drivers sent over 700 emails on Thursday, but did not specify what was in those emails.

Persons: New York CNN — Lyft, Uber, Jacob Frey, Lyft, “, ”, Frey, ” Uber, Ally Peters, Mayor Frey Organizations: New, New York CNN, Minneapolis City Council, Uber, CNN, Mayor, City Council, New York City Locations: New York, Minneapolis, City, California

☆ How to Score Big Credit Card Rewards — Without Playing the Miles Game
▼ + stars: | 2023-08-16 | by ( Emily Sherman | ) www.wsj.com time to read: +9 min

Credit card enthusiasts will tell you the best deals come from earning airline or hotel points and miles and redeeming them for free vacations worth hundreds or thousands of dollars. From cash back credit cards to flexible travel cards, these five options are a great choice for those who want to rack up rewards without playing the miles game. The best on the market right now is the Wells Fargo Active Cash Card, which offers 2% cash back on every purchase. Rates and FeesRent makes up the largest portion of most Americans’ budgets, but it is a particularly hard category to earn rewards on. The Bilt Mastercard is currently the only credit card on the market changing that.

Persons: Emily Sherman, Wells, spender, you’ll, Cardholders, cardholders Organizations: Wells, Cash, Citi, American, American Express, Walmart, Target, Bureau of Labor Statistics, Amazon.com, Foods, Chase Travel, Amazon Prime, Amazon, Mastercard Locations: U.S, Chase

☆ Tipping 'nudges' are now popping up on DoorDash. If you don't leave a gratuity, you'll hear about it.
▼ + stars: | 2023-08-13 | by ( Nancy Luna | Alex Bitter | ) www.businessinsider.com time to read: +5 min

Some delivery workers have tried to increase their gratuity by asking DoorDash customers for higher tips mid-delivery. As a result, the average food delivery tip has increased by 20% from 2020 to 2022, Uber Eats told Insider. With tips and base pay, DoorDash said on average, Dashers make $25 per hour on active deliveries. Many gig delivery workers make below minimum wage and say their earnings have fallen since the height of the pandemicA 2020 study found many gig delivery workers are struggling to make minimum wage. The survey of gig workers from the Economic Policy Institute found that about 14% of gig workers made less than the federal minimum wage, and 29% earned less than their state's minimum wage.

Persons: DoorDash, Austin Haugen, Shroff, Heather Taylor, Dashers, DoorDash's, Instacart, Uber, Carsten Koall, Sergio Avedian, Guy Organizations: Service, Starbucks, Consumers, Base, Economic Policy Institute Locations: Wall, Silicon, Corpus Christi , Texas, Los Angeles

Yeah, you’re going to need one of those fancy pizza ovens to replicate this in your home. I think right now, every media company in the world is trying to figure out what replaces Twitter. And they say, you’re going to about to make the easiest money you’ve ever made in your entire life. You’re going to have more people beating a path down your door than you thought was possible. We now have Ubers that are so — I don’t know if you’ve looked at your Uber receipts recently.

Persons: kevin roose I’m, casey newton, kevin roose, casey newton They’re, kevin roose Gang, casey newton Oh, let’s, Kevin Roose, ” casey newton, Casey Newton, —, Casey, casey newton Mhmm, it’s, kevin roose I’d, you’re, you’ve, — casey newton, Sam Altman, casey newton Isn’t, that’s, Silly Putty, I’m, casey newton Well, Kevin, what’s, kevin roose Totally, casey newton I’ll, Unobtainium, James Cameron, You’ve, Meissner, we’re, There’s, they’re, casey newton Here’s, Twitch, kevin roose There’s, Iris_IGB, she’s, there’s, casey newton There’s, Russia she’s, I’ve, They’ve, hasn’t, ChatGPT, Claude, They’re, hydroxychloroquine, Joe Rogan, Bravo, “ Fortnite, casey newton That’s, we’ve, casey newton Kevin, India Venom, Lydia Tár, we’ll, don’t, casey newton Sure, ”, Joe Biden, casey newton I’m, casey newton Mike Masnick, he’s, Mike, — casey newton Look, who’d, It’s, HatGPT, kevin roose —, casey newton We’re, Rupert Murdaugh, Beast, James Donaldson, Jimmy Donaldson, a.k.a, Beast — casey newton James, Uber, Beast Burger, Burger, We’re, Meta, Abraham Lincoln, Facebook — Abraham Lincoln, casey newton It’s, kevin roose Oh, Abraham —, roose, casey newton Greg Rutkowski, Greg Rutkowski, Greg Rutkowski’s, Greg, You’re, casey newton Wow, Elon Musk, San Francisco NIMBYs, Don’t, kevin roose It’s, you’re Uber Organizations: Mmm, casey newton Mmm, The New York Times, Quantum Energy Research Center, collider, Twitter, Capitol, Federal Trade Commission, Netflix, Heritage Foundation, Republican, Democrats, Republicans, California, Tax, Facebook, YouTube, HatGPT, BBC, WordPress, Health Department, Financial Times, Ford Theater, ” Workers, San, Wall Street Locations: Seoul, Russian, Russia, India, KOSA, SESTA, The, Kashmir, tooting, Washington, San Francisco, Ha, Canada

☆ 3 people who tip for almost everything explain why they do so even if the service is bad — and how much extra they usually leave
▼ + stars: | 2023-08-01 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

While many customers don't tip, those who do are helping businesses keep their prices stable. Some people are happy to tip almost every time they are prompted, and they're helping businesses pay their employees more without cutting into profits or raising prices. Farley told Insider that he usually leaves at least a small tip whenever businesses prompt him, even if it's for something that didn't require much "actual service" — like buying a drink at the counter. A similar story is playing out at businesses across the country, Laurence Kotlikoff, an economics professor at Boston University, previously told Insider. Personal experience working in the service industry causes some customers to tip almost every chance they getCamille Rogers, a 25-year-old Manhattan-based publicist, told Insider that she usually tips whenever it's an option.

Persons: Ryan Farley, Farley, They're, Dan Moreno's, Moreno, Laurence Kotlikoff, Camille Rogers, Rogers, KaLyn McCullough, McCullough Organizations: Service, Boston University, Rogers Locations: Wall, Silicon, Austin , Texas, Dan Moreno's Miami, Manhattan, Hartford , Connecticut

☆ Instacart just slashed pay for delivery drivers — from a minimum of $7 per order to $4. Now they're more reliant on your tips.
▼ + stars: | 2023-07-31 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +6 min

Instacart has cut its minimum base pay to $4 from $7 per order, angering many who work for the app. The cut affects base pay, or an amount that Instacart workers are guaranteed to get if they accept an order. Instacart announced the lower base pay in a July 20 blog post entitled "creating new ways to earn." In the post, Instacart said orders that involve picking and delivering many items "may pay $10 or more" in base pay. Lower base pay means more reliance on tipsBoth Hudson and the driver in Tennessee said that the base pay cut makes customers' tips a more important source of income.

Persons: Instacart, Daniel Danker, Danker, I've, Alexia Hudson, she's, it's, Sergio Avedian, Guy, That's, Uber Organizations: Service, Instacart, Shoppers Locations: Wall, Silicon, Instacart, Tennessee, Indiana, South Carolina, Charlotte, she's, Los Angeles

☆ 3 places people say they never tip amid 'tipflation': ‘It’s out of control’
▼ + stars: | 2023-07-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Many also feel added pressure to tip amid the rise of automatic tipping prompts on self-service kiosks and apps, NerdWallet's consumer budgeting report found. Amid the "tipflation" debate, where are consumers tipping the least, or skipping gratuity altogether? To find out, CNBC Make It asked three New Yorkers which services they never tip on — and what etiquette experts recommend in each scenario. If it's fast food or you're grabbing a pre-packaged item from a shelf, Farley says you don't need to tip. An etiquette expert's take: When you're paying for a taxi or rideshare, you're paying the price of convenience, and your tip should reflect that, says Farley.

Persons: Saad Kabir, Thomas Farley, Mister Manners, Farley, Haley Truchan Organizations: CNBC, New York City Public Schools Locations: U.S, New York, Manhattan

☆ Eric Adams' relationship with the NY tech community hits some snags
▼ + stars: | 2023-07-26 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

New York City Mayor Eric Adams speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., February 28, 2022. Since then, however, Adams' often-positive relationship with New York's tech community has soured in some ways. Adams' team also referred CNBC to two New York tech leaders: Andrew Rasiej, the chairman of NY Tech Alliance, and George Fontas, the CEO of tech lobbying shop Fontas Advisors. NY Tech Alliance is a massive tech trade group with 60,000 members, according to their website. Rasiej pushed back on the notion that Adams relationship with New York's tech community has soured.

Persons: Eric Adams, Adams, Mayor Adams, Andrew Rasiej, George Fontas, Rasiej, Fontas, we're, Josh Gold, Uber, Airbnb Organizations: York City, New York Stock Exchange, New York, New, Airbnb, CNBC, NY Tech Alliance, Fontas, Technology, Innovation, Yorkers, Mayor, Adams City Hall Locations: York, New York City, U.S, New York, Washington

☆ Electric helicopters could replace rideshares. How to invest in this 'evolutionary' technology
▼ + stars: | 2023-07-23 | by ( Alex Harring | ) www.cnbc.com time to read: +7 min

"It's more of an evolutionary technology than a revolutionary technology." But Cowen managing director Cai von Rumohr said investors should be prepared for timelines to be pushed back, as this is still considered "early-stage tech." "Given the push for climate and to basically reduce carbon emissions, I think, at some point, there's going to be a market," von Rumohr said. The outlook is still clouded by many variables, von Rumohr said. "It's definitely an important investment opportunity for investors," Moeller said.

Persons: Harry Potter, Austin Moeller, Moeller, Archer, Joby, Cowen, Cai von Rumohr, von Rumohr, Lilium, Von Rumohr, Marco Iachini, Vanda Research's, Bill Peterson, It's Organizations: Archer, Federal Aviation Administration, FAA, Toyota, Stellantis, Air Force, Aerospace, JPMorgan

☆ The number of people doing gig work on apps like Uber and DoorDash more than doubled during the pandemic
▼ + stars: | 2023-07-20 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

The number of people doing platform gig work like deliveries on apps in the US grew by over 150% during the pandemic. The researchers used tax data from 90 gig economy platforms and apps for their analysis. "COVID was a watershed moment for a particular type of platform gig work, which is delivery work," Koustas said. Gig workers became younger and more female; 44% of transportation and delivery platform workers were female by 2021, per the working paper. While platform gig work climbed during the pandemic, a research brief about the working paper results states that other contract and freelance work fell during COVID.

Persons: Dmitri Koustas, COVID, Koustas Organizations: Service, The University of Chicago Harris School of Public, McKinsey, Workers, Economic Policy Institute Locations: Wall, Silicon, United States

☆ Some workers are going thousands of dollars into debt to pay for their own training. A federal watchdog is scrutinizing the practice of chasing employees for money after they leave.
▼ + stars: | 2023-07-20 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

A new report from the Consumer Financial Protection Bureau looks at employer-driven debt. The report finds that employers are saddling workers with thousands in debt for training and supplies. On Thursday, the Consumer Financial Protection Bureau released a report detailing the impact of training repayment agreement provisions, or TRAPs. The watchdog said it will continue to evaluate how companies are using TRAPs to determine whether they are violating consumer financial laws. "TRAPs impose significant financial burdens on workers and foster monopsony in labor markets by reducing worker mobility and bargaining power.

Persons: onboarding, hasn't, Nurse E, E, …, Persis Yu Organizations: Consumer Financial, Service, Biden, Federal Trade Commission, FTC, Protection Locations: Wall, Silicon, America

☆ A former Afghan interpreter for the US military escaped Taliban rule only to be shot and killed in Washington, DC
▼ + stars: | 2023-07-16 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +6 min

Nasrat Ahmad Yar, 31, was shot and killed in Washington, DC while working as a Lyft driver. Then, on July 3, Ahmad Yar was fatally shot in Washington, DC while driving for Lyft. Ahmad Yar was just one of hundreds of Afghan interpreters scrambling to flee the country after the Taliban takeover. Amid the chaos, Ahmad Yar's wife was also pregnant with their fourth child. Ahmad Yar worked for a towing company and as a rideshare driver.

Persons: Nasrat Ahmad Yar, —, Ahmad Yar, Ahmad Yar selflessly, Matthew Butler —, Butler, Ahmad Yar's, Butler —, CNN —, Jeramie Malone, Malone, Admad, Ahmad Yar —, Nasrat Organizations: Service, Taliban, Lyft, Army Special Forces, LA Times, CNN, US State Department Locations: Washington , DC, Wall, Silicon, Afghanistan, United States, Kabul, Washington ,, That's, Abu Dhabi, Pennsylvania

☆ Just 65% of Americans always tip at restaurants—etiquette experts on what we get wrong about tipping
▼ + stars: | 2023-07-14 | by ( Ryan Ermey | ) www.cnbc.com time to read: +5 min

Sure, there are some people — barbers, cab drivers — who etiquette experts say should always get a tip, and others — doctors, lawyers — who they say should never get one . He and other etiquette experts are here to help. With that in mind, here's what etiquette pros recommend you tip, in order of who Americans tip most often to the least. BaristasEtiquette experts say tipping at coffee shops is discretionary. 5 times it’s OK not to tip, according to etiquette experts

Persons: —, Read, Thomas Farley, Manners, Daniel Post Senning, Emily Post's, Farley, Elaine Swann, Dianne Gottsman, Swann, Warren Buffett Organizations: Swann School of Protocol, Protocol, of Texas, takeout

☆ Taiwan flags space ambition with domestically developed weather satellite
▼ + stars: | 2023-07-14 | by ( Ann Wang | ) www.reuters.com time to read: +2 min

[1/4] Taiwan's President Tsai Ing-wen makes a speech at the shipment ceremony of Triton, Taiwan's first locally built weather satellite in Hsinchu, Taiwan July 14, 2023. REUTERS/Ann WangHSINCHU, Taiwan, July 14 (Reuters) - Taiwan's first domestically developed weather satellite shows its determination to develop its space industry, President Tsai Ing-wen said on Friday, lauding the programme as a step to take the island to the stars. "The Wind-Hunter Satellite is born-and-bred made in Taiwan," she said at Taiwan Space Agency in the northern city of Hsinchu, home to Taiwan's world-beating semiconductor industry, referring to it by its Chinese-language name. "The Wind-Hunter Satellite proves that with the advantages of Taiwan's semiconductor and precision manufacturing, it is absolutely capable of entering the global space industry," Tsai said, adding that the satellite showed Taiwan's determination to develop a space industry and participate in the space age. Triton will be launched into a circular low-earth orbit at an altitude of about 550-650 km (340-400 miles), according to the Taiwan Space Agency.

Persons: Tsai Ing, Triton, Ann Wang, Tsai, Vega, Elon, Safran, Ben Blanchard, Robert Birsel Organizations: REUTERS, Taiwan Space Agency, Hunter, SpaceX, Airbus, Thomson Locations: Hsinchu, Taiwan, Ann, Ann Wang HSINCHU, China, Guiana

I made a lot of mistakes with money in my 20s. When life got busy, I turned a blind eye to my money situation — until my credit card bill was sent to me. AdvertisementAnother big-ticket item on my credit card bill was rideshare costs, which could have been avoided in most cases. Before I knew it, I had a lot of open credit cards — and a desire to close them all. I knew that opening credit cards could help my credit score, but only if I used them and paid them off immediately.

Persons: —, Salary.com, Investopedia, I've Organizations: Service, Quicken, Karma Locations: New York City

☆ The Southwest Premier Business Card is offering a record-high welcome bonus of up to 120,000 points — and earning it can get you the Companion Pass
▼ + stars: | 2023-07-12 | by ( Jasmin Baron | Sarah Silbert | Read More | ) www.businessinsider.com time to read: +13 min

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The Southwest Premier Business Card welcome bonus can get you over $1,600 in Southwest flights. Insider's Featured Small Business Cards Ink Business Unlimited® Credit CardInk Business Cash® Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Earns 3x Southwest points per dollar on your Southwest purchases Cons Dash icon A dash. Be sure to read our guide to earning and redeeming Southwest points to learn more ways to maximize the welcome bonus on the Southwest® Rapid Rewards® Premier Business Credit Card.

Persons: Bauer, Griffin, We're, Cardholders, you'll, you've Organizations: Southwest Premier, AaronP, Southwest, Business, Service, Uber, eBay, Chevron, Southwest Premier Business, Southwest Airlines ®, Rapid, Reading Chevron, Southwest Airlines, Business Credit Locations: Southwest, Wall, Silicon, rideshare

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The Prime* Visa is offering an elevated bonus in honor of Prime Day. New cardholders can earn a $200 Amazon gift card upon approval of your credit card application for a limited time. For a limited time, the card is offering a $200 Amazon gift card upon approval of your credit card application. Previously, the welcome offer included a $100 Amazon gift card, so this is double the usual bonus.

Persons: Cardholders, Chase, cardholders, you'll Organizations: Visa, Amazon, Service, Foods, Amazon.com, Chase Travel, Chevron, Business, Reading Chevron, New, Visa cardholders Locations: Wall, Silicon

CNN —A former Afghan interpreter who immigrated with his family to America in 2021 was shot and killed early Monday in Washington, DC, while on an extra shift as a Lyft driver, and police now are searching for suspects, authorities and a charity said. Four people ran away from the scene shortly after he was shot, video released by police shows. Police are offering a reward of up to $25,000 for information leading to an arrest, the release said. Ahmad Yar brought his family to the US in 2021 after the Afghan government collapsed, the crowdfunding site says. “Our hearts are with Mr. Nasrat’s loved ones as they confront this unspeakable tragedy,” a Lyft spokesperson told CNN in a statement.

Persons: CNN —, Nasrat Ahmad Yar, Ahmad Yar, Nasrat’s, ” Organizations: CNN, US Army Special Forces, Police, ” CNN, Army Special Forces Locations: America, Washington ,, Afghanistan, Alexandria , Virginia

Uber, DoorDash, and Grubhub are suing New York City to block a new minimum wage law for delivery workers. Beginning on July 12, delivery apps must pay drivers about $18 per hour they are active on the app. Beginning July 12, delivery drivers in New York City must earn a minimum wage of about $18 an hour, according to a law signed by Eric Adams last month. The new minimum wage would require delivery apps to either pay drivers roughly 50 cents per minute of every trip or pay drivers $17.96 per hour they are active on the app. "Now because there are more delivery drivers and people are ordering less and tipping less, it's becoming more difficult.

Persons: —, Eric Adams, DoorDash, Alberto Mendes, Mendes, we're, Grubhub, I've, Harry Campbell, Guy, Uber Organizations: New, Service, Drivers, Department of Consumer and Worker, Grubhub, Unidos Locations: New York City, New York

Jefferies says it's "all revved up" on car rental company Hertz . The firm initiated coverage on Hertz with a buy rating and a $24 price target, implying shares jumping 30% from Monday's close. We see structural benefits from a maintenance and pricing perspective related to [a] higher mix of EVs," Moore said. In this blue sky scenario, we see the potential for another $1bn+ in EBITDA opportunity at 20-30+% margins," the analyst added. Hertz shares were up 1.4% Wednesday before the bell.

Persons: Jefferies, it's, Stephanie Moore, Moore, Hertz, — CNBC's Michael Bloom Organizations: Hertz, EV Locations: Monday's

☆ Joby receives FAA nod to begin flight testing of its first built aircraft
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

June 28 (Reuters) - Joby Aviation (JOBY.N) said on Wednesday the U.S. aviation regulator has given the nod for flight testing of its air taxi, as it edges towards securing approval to begin commercial operations. The California-based company also said Toyota North America's CEO, Tetsuo Ogawa, will join its board on Saturday. Joby said the Federal Aviation Administration (FAA) had granted a Special Airworthiness Certificate which allows flight testing of its first production prototype without passengers. The aircraft will be delivered to Edwards Air Force Base after completing initial testing, the company said. The delivery is made under Joby's $131 million contract with the U.S. Air Force.

Persons: Tetsuo Ogawa, Joby, Aishwarya Nair, Krishna CHandra Organizations: Joby Aviation, U.S, Toyota North, Toyota, Archer Aviation, Vertical Aerospace, Federal Aviation Administration, FAA, Edwards Air Force Base, U.S . Air Force, Thomson Locations: California, Bengaluru

☆ Joby receives FAA nod to begin flight testing of electric air taxi
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

[1/2] Joby Aviation founder JoeBen Bevirt poses next to a Joby Aviation Air Taxi ahead of their listing at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 11, 2021. REUTERS/Andrew Kelly/File PhotoJune 28 (Reuters) - Joby Aviation (JOBY.N) said on Wednesday the U.S. aviation regulator has given the nod for flight testing of its electric air taxi, taking it a step closer to securing approvals for commercial operations. Joby said the Federal Aviation Administration (FAA) had granted a Special Airworthiness Certificate, which allows flight testing of its first production prototype without passengers. Rival Archer received the green signal for flight testing in 2021. Joby's aircraft will be delivered to Edwards Air Force Base after completing initial testing, the company said.

Persons: JoeBen Bevirt, Andrew Kelly, Tetsuo Ogawa, Joby, Archer, Germany's, Aishwarya Nair, Krishna Chandra Eluri Organizations: Joby Aviation, Joby Aviation Air Taxi, New York Stock Exchange, REUTERS, U.S, Toyota North, Toyota, Archer Aviation, Vertical Aerospace, Federal Aviation Administration, FAA, Aerospace, Edwards Air Force Base, U.S . Air Force, Thomson Locations: Manhattan , New York City, U.S, California, Joby's, Bengaluru

"I decided where the business is, is in space," Mueller said in an interview with CNBC's "Manifest Space" podcast. Mueller started Impulse Space in 2021 and is building space tugs that can move with cargo to different orbits. So far, Impulse Space has raised $30 million in seed funding from investors such as Peter Thiel's Founders Fund and Lux Capital. But that pedigree doesn't mean Impulse is closed off to other startups in the space space – including rocket makers. Earlier this month Vast Space, which is building a commercial space habitat, selected Impulse to develop the Haven-1 Space Station's propulsion system.

Persons: Elon Musk, Tom Mueller, Mueller, Peter Thiel's, Mira, Morgan Brennan, Merlin, Musk Organizations: SpaceX, Fund, Lux Capital, Tesla, PayPal, TRW, CNBC Locations: Haven

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