Tech

Elon Musk’s $56B Tesla pay package restored by Delaware Supreme Court

The Delaware Supreme Court has reinstated Elon Musk’s $56 billion Tesla pay package from 2018, overturning last year’s ruling by the state’s Chancery Court, according to an opinion published Friday. In a unanimous ruling, the judges on the highest court in Delaware said that canceling Musk’s package left him “uncompensated …

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Cursor continues acquisition spree with Graphite deal

AI coding assistant Cursor announced that it has acquired Graphite, a startup that uses AI to review and debug code. Although the terms of the deal were not disclosed, Axios reported that Cursor paid “way over” Graphite’s last valuation of $290 million, which was set when the five-year-old company raised …

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Former Patagonia CEO Rose Marcario resigns from Rivian’s board

Former Patagonia CEO Rose Marcario is resigning from her position on Rivian’s board of directors, according to a Friday afternoon stock exchange filing. Rivian wrote in the filing that Marcario’s last day will be on January 1, and that she is leaving “to focus on other commitments.” Rivian’s board will …

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Building venture-backable companies in heavily regulated spaces

Building in regulated industries adds a massive hurdle to the already challenging journey of building a startup. And this week on Build Mode, Startup Battlefield editor Isabelle Johannessen spoke to two founders who are working to make progress  in industries ripe for disruption, despite the regulatory headaches that might have deterred many other people.   In this episode, we’re talking about life and death and how regulatory …

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Rocket Lab wins another defense-related space contract

Rocket Lab has won an $816 million contract — its largest to date — with the U.S. Space Development Agency as the company continues to diversify beyond its “rocket company” label. The company said Friday that its subsidiary, Rocket Lab USA, was awarded a prime contract by the Space Development …

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