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Enterprise

Agile Space Industries Sparks Animas Test Stand to Address High Demand

Founder Daudi Barnes started the company in 2019 to augment the work of his previous company, Advanced Mobile Propulsion Test. The Colorado-based startup already operates one test stand, called Sunshine, which AMPT stood up in 2010. “The market is just really, really expanding really fast right now,” Animas project manager Graham Dudley explained. So they’ve had four plus years of design and development that they have to reboot on, and that’s really, really expensive and hard for your schedule prediction. Its a competitive edge in the space propulsion market, which has become increasingly crowded as the cost to launch spacecraft to orbit has dropped.

Kira Kim
April 3, 2024
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Gadgets, Robotics & AI

“Reddit’s Initial Public Offering Takes Off as Share Prices Skyrocket 60% in Mere Moments”

Reddit sold $203 million worth of contracts to AI companies for access to its data earlier this year. In the wake of a compression in tech valuations since the implosion of the 2021-era asset bubble, few tech companies have tested public markets. Early trading results do not always augur a trouble-free public market life, however. Secondaries investors recently told TechCrunch that they weren’t sure that a successful Reddit IPO would be enough to bring life back into the IPO market in 2024. But with Astera Lab’s impressive performance yesterday and Reddit’s strong showing today, maybe there will be more life in the IPO market this year than many thought.