SoFi Poised To Pop June 1 On Expectations-Beating Growth forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
- May 24, 2021, 1:24 PM
As supersonic aircraft designer Aerion ceased operations over a lack of available funding, GE Aviation has confirmed that it has discontinued development work on the twin-shaft, medium-bypass Affinity engine that was to have powered the Mach 1.4 Aerion AS2 business jet. GE Aviation also noted that it is redeploying its Affinity team to other programs.
The engine-maker announced plans in October 2018 to move forward with the Affinity for the AS2, saying it would be designed using a “proven engine core adapted from GE’s commercial airline portfolio” with the latest technology full authority digital engine control, an advanced twin-fan, durable combustor, and advanced acoustic technology that would meet or exceed regulatory requirements.
Last year the digital health sector smashed all previous records for both fundraising and consumer adoption of novel technologies. So far, 2021 is already on track to outshine last.
Westminster must stop City of London neglect , says ex-Johnson adviser : CityAM cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
SPACs may be tanking, but that hasn’t deterred hedge funds from piling into them.
Hedge funds boosted their holdings of Special Purpose Acquisition Companies, or SPACs, by 73 percent during the first quarter.
These investors owned $142.9 billion worth of SPACs at the end of March, compared with only $82.4 billion as of the end of December, according to an analysis of 13F filings by SPAC Research.
The top three SPAC investors are Glazer Capital, Millennium Management, and Magnetar Capital, according to the ranking put together by SPAC Research.
So far this year, 324 SPACs have raised $103.6 billion, which is almost equal to the amount raised in the past three years combined, according to SPAC Insider. The glut caused blank check companies to begin floundering in mid-February, and now SPACs are in a bear market, as measured by the IPOX SPAC index. The index has fallen more than 30 percent from its February peak.