Musk Offers Tesla a Dubious Deal (Again)
xAI made headlines for all the wrong reasons last week when its chatbot, Grok, ran amok with antisemitic replies to queries, followed swiftly by the resignation of Linda Yaccarino, chief executive of X, Musk's social media platform that was rolled into xAI earlier this year. If all that doesn't sound like the best time to pitch Tesla investors on buying in, you maybe weren't around for the SolarCity deal in 2016.
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Yahoo
30 minutes ago
- Yahoo
As If The C8 ZR1X's 1,250 Horsepower Isn't Enough, Chief Corvette Engineer Hints At An Even Wilder Model
We've hardly had a chance to wrap our heads around the absurdity of the 1,250-horsepower, 233 mph-capable Chevrolet Corvette ZR1X after it was unveiled last month, and Corvette's chief engineer Tony Roma is already hinting at the possibility of an even wilder C8. The Corvette ZR1X and its hybrid V8 powertrain may be the quickest, fastest, and most powerful performance car that Chevrolet has ever produced, but the latest hints add the wonderful qualifier of ...for now. In an interview with Top Gear, Roma said, "the ZR1X is not the end of the story, it's just the latest chapter." He goes on to say that the C8 Corvette's mid-engine platform is proving to be very capable, and that the engineering team is on board with pushing the Corvette's limits even further. The ZR1X uses a twin-turbocharged version of the 5.5-liter LT7 V8 found in the already very powerful Corvette Z06 to drive the rear wheels, and a front axle–mounted electric motor sending power to the front wheels. Its electric motor is slightly more powerful than the front axle motor in the Corvette E-Ray, the other high-performance version of the C8. Read more: These Are The Most Annoying Things About Your Cars Ford and its bonkers Mustang GTD usurped the title of fastest American car around the Nürburgring from the 2017 Dodge Viper ACR last year, with a blistering 6:52.072 lap time, and Chevrolet is itching for its chance at that title. Roma said, "Having the crazy lap times and ridiculous acceleration is part of what makes these cars what they are, so I think we are going to continue to make the car faster for those bragging rights, because our customers appreciate that. It's the same with any performance car manufacturer – we push each other with Nürburgring lap times for that reason. We've done some testing, and all I can say is... stay tuned. We want to be the fastest American car - that's an accolade we'd love to have." Whenever new mention is made about a more powerful Corvette, the internet sets ablaze with speculation that it might be the rumored Zora. Zora Arkus-Duntov was known as "The Father Of The Corvette" because he convinced Chevy that a proper performance car and halo car was a necessity for the brand in the sixties, and he championed a mid-engine design. The world has waited for an "ultimate Corvette" named after Zora for many years now, but such a model has yet to exist. Before the ZR1X's name was announced but it was known that a new and more hardcore Corvette was in the works, it was assumed to be the Zora, but those hopes faded once the ZR1X's name was made official. It is possible, though, that this latest rumor could finally be the fabled Corvette Zora, so we certainly will stay tuned and keep our fingers crossed. Want more like this? Join the Jalopnik newsletter to get the latest auto news sent straight to your inbox... Read the original article on Jalopnik.
Yahoo
33 minutes ago
- Yahoo
VisionWave Technologies Inc. and Bannix Acquisition Corp. Complete Business Combination
VisionWave Holdings Inc. to Commence Trading on Nasdaq Under Ticker 'VWAV' VisionWave Technologies Inc. and Bannix Acquisition Corp. Have Closed the Business Combination on July 14, 2025 VisionWave Holdings Inc. Shares of Common Stock and Warrants Will Begin Trading on Nasdaq on July 15, 2025, Under Ticker Symbols 'VWAV' and 'VWAVW,' Respectively WILMINGTON, Del., July 14, 2025 (GLOBE NEWSWIRE) -- VisionWave Technologies Inc. ('VisionWave Technologies'), a defense development company focused on integrating advanced artificial intelligence and autonomous solutions across air, ground, and sea domains ranging from high-resolution radars and advanced vision systems to radio frequency sensing technologies seeking to redefine operational efficiency and precision for military and homeland security applications worldwide, today announced the successful completion of its business combination (the 'Business Combination') with Bannix Acquisition Corp. (Nasdaq: BNIX) ('BNIX'), a special purpose acquisition company, resulting in each of VisionWave Technologies and BNIX becoming a wholly-owned subsidiary of VisionWave Holdings Inc. ('VisionWave Holdings' or the 'Combined Company'). On July 15, 2025, VisionWave Holdings shares of common stock will commence trading on the Nasdaq Global Market under the trading symbol 'VWAV' and its warrants will trade on under the trading symbol 'VWAVW.' 'Completing the Business Combination and having our shares listed on the Nasdaq Global Market is a significant achievement for the VisionWave team, and we are grateful to our employees and partners who have supported us on this journey as we begin our next chapter as we seek to develop new and cutting technologies in the defense sector,' said Douglas Davis, Executive Chairman of VisionWave Holdings. 'We believe this milestone will provide us with the tools to develop our technology and implement our business plan. We are excited to continue to seek building value for all stakeholders.' 'This is a defining moment for VisionWave,' said Noam Kenig, Chief Executive Officer of VisionWave Holdings. 'As we enter the public markets, our focus is on accelerating innovation in defense-grade AI systems, pursuing strategic global partnerships, and delivering on contracts that will shape the next generation of military technologies. I'm honored to lead the company into this exciting new chapter.' Advisors Fleming PLLC served as legal counsel to BNIX. Law Office of Robert M. Yaspan served as legal counsel to VisionWave Technologies. RBSM LLP served as the Auditor to VisionWave Holdings. Donohoe Advisory Associate, LLC served as Listing Advisor to VisionWave Holdings. Marula Capital Group a registered FINRA advisor provided the Fairness Opinion to the Business Combination. I-Bankers Securities, Inc., the underwriter in the original IPO. About VisionWave Holdings Inc. VisionWave Holdings Inc. is at the forefront of revolutionizing defense capabilities by integrating advanced artificial intelligence (AI) and autonomous solutions across air, ground, and sea domains. Its state-of-the-art innovations— ranging from high-resolution radars and advanced vision systems to radio frequency (RF) sensing technologies are seeking to redefine operational efficiency and precision for military and homeland security applications worldwide. From tactical ground vehicles to precision weapon control systems, VisionWave leads the development of reliable, high-performance technologies that transform defense strategies and deliver superior results, even in the most challenging environments. With headquarters in the U.S. and strategic partnerships in Canada and the United Arab Emigrants, VisionWave is uniquely positioned to serve global markets, offering cutting-edge defense solutions that address the evolving needs of security forces across the world. For more corporate and product information, please visit our website About Bannix Acquisition Corp. Bannix Acquisition Corp. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as 'estimate,' 'plan,' 'project,' 'forecast,' 'intend,' 'will,' 'expect,' 'anticipate,' 'believe,' 'seek,' 'target' or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated implied enterprise value of the Combined Company, VisionWave Holdings' ability to scale and grow its business, the advantages and expected growth of the Combined Company, the Combined Company's ability to source and retain talent, and the cash position of the Combined Company following closing of the Business Combination, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BNIX's and VisionWave Technologies' management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although each of BNIX, VisionWave Technologies and VisionWave Holdings believes that it has a reasonable basis for each forward-looking statement contained in this press release, each of BNIX, VisionWave Technologies and VisionWave Holdings cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the definitive proxy statement/prospectus mailed to BNIX stockholders, and filed by the Combined Company with the SEC and other documents filed by the Combined Company or BNIX from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. BNIX, VisionWave Technologies and VisionWave Holdings cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, the ability to recognize the anticipated benefits of the Business Combination, costs related to the Business Combination, the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination, the outcome of any potential litigation, government or regulatory proceedings, and other risks and uncertainties, including those to be included under the heading 'Risk Factors' in the definitive proxy statement/prospectus mailed to BNIX stockholders, and those included under the heading 'Risk Factors' in the annual report on Form 10-K for the fiscal year ended December 31, 2024, of BNIX and in its subsequent quarterly reports on Form 10-Q and other filings with the SEC. There may be additional risks that BNIX, VisionWave Technologies and VisionWave Holdings presently do not know or that the parties currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of BNIX, VisionWave Technologies and VisionWave Holdings as of the date of this press release. Subsequent events and developments may cause those views to change. However, while BNIX, VisionWave Technologies and VisionWave Holdings may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of BNIX, VisionWave Technologies and VisionWave Holdings as of any date subsequent to the date of this press release. Except as may be required by law, BNIX, VisionWave Technologies and VisionWave Holdings do not undertake any duty to update these forward-looking statements. VisionWave Holdings Investor Relations: Douglas Davis, Executive Chairman of the Board(302) in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
37 minutes ago
- Forbes
Will Trump's Threat Of 'Severe' Tariffs On Russia Make Putin Reach Peace Deal With Ukraine?
Retired Rear Admiral Mark Montgomery, senior director of the Center on Cyber and Technology Innovation at the FDD, joined "Forbes Newsroom" to discuss President Trump's threat to impose "severe" tariffs on Russia if it refuses to reach a peace deal with Ukraine in 50 days. Watch the full interview above.
