Luminar Technologies is filing for Chapter 11 bankruptcy and selling its chip subsidiary, Luminar Semiconductor, to Quantum Computing Inc. for $110 million. This comes after the loss of its largest client, Volvo, and a quarterly net loss exceeding $189 million.
The North East of England is rapidly emerging as a serious player in the UK space sector. With a 50% jump in companies and a new £50m research hub on the way, the region is betting big on satellites and manufacturing.
The shift from traditional hardware PLCs to virtual ones running on industrial PCs is gaining steam. It promises massive cost savings, easier data access for AI, and a complete rethinking of the assembly line. But the biggest hurdle isn’t technical—it’s cultural.
TechCrunch reports a construction worker was seriously injured in November when a metal support fell from a crane at SpaceX’s Starbase. This is the second crane accident OSHA is investigating at the site this year, amid ongoing safety concerns.
Sublime Cement, a sustainable cement startup backed by Microsoft, is laying off 10% of its workforce and pausing its Holyoke, Massachusetts demonstration plant. The move comes after the Department of Energy rescinded an $87 million grant that was set to fund half of the project.
Tommi Uitto, Nokia’s president of mobile networks, confirmed his departure via LinkedIn on December 9. His exit coincides with a major company restructuring set to begin in January 2025.
A new specialty glass for protecting satellite solar cells has launched in Europe. The material, designed to withstand harsh space radiation, is a key part of building a resilient supply chain for the growing constellation market.
Parker Hannifin’s Chomerics division has launched a new series of thermal gap filler pads. The Therm-a-Gap Pad 10 offers a high thermal conductivity of 10W/m-K with an ultra-low hardness of just 35 Shore 00.
Scientists have repurposed a standard photolithography laser to continuously alter magnetic properties in 2D materials. This simple, fast method could revolutionize data storage and enable brain-like computing chips.
NASA and the USPS have stopped using Canoo’s electric vans. This comes despite former CEO Tony Aquila’s claim that supporting government contracts was a key reason he bought the bankrupt company’s assets for $4 million in April 2025.
