American startup, Zunum Aero, is developing a line of small hybrid propulsion aircraft. The company aims to transform the regional air travel market where it is not profitable to use large aircraft.
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Back in the 20th century, space was accessible only to astronauts — though ideas about its commercialization were already being discussed as early as the 1960s. Today, several decades later, more than 50 people have become space tourists, joining research missions without being professional astronauts. So, how much does a space trip cost? Can anyone go to space — and what does the future hold for this new entertainment industry?
Saudi payment startup Tamara has announced securing a financing package of up to $2.4 billion. The sponsors include U.S. bank Goldman Sachs, financial conglomerate Citi, and private equity funds of Apollo, managed by Apollo Global Management.