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All articles tagged with #investment

SpaceX Bets $100B on a Gulf Coast Starbase-Scale Louisiana Spaceport
technology1 day ago

SpaceX Bets $100B on a Gulf Coast Starbase-Scale Louisiana Spaceport

SpaceX announced a plan to invest up to $100 billion to develop a Starbase-style spaceport along Louisiana's Gulf coast, including Starship factories, launch pads, propellant production, and on-site infrastructure. The project aims to begin construction in 2027 with an initial launch by 2029, leveraging large acreage, deep-water access, and potential polar-orbit trajectories while creating thousands of jobs and coordinating with state and federal agencies to protect wetlands.

via Ars Technica|
#investment#louisiana#spaceport
Saudi Arabia backs €6B trio of theme parks near Paris
business2 days ago

Saudi Arabia backs €6B trio of theme parks near Paris

Saudi Crown Prince Mohammed bin Salman announced a €6 billion investment to build three theme parks near Paris, to be developed in Cergy-Pontoise on the former Mirapolis site and featuring a manga-themed attraction. Led by the investment firm Qiddiya, the project was unveiled during Macron’s visit and is expected to create about 22,000 jobs, marking a major boost to the Paris area as a new global destination.

via Euronews.com|
#business#france#investment
Saudi Arabia Bets $7B on Three Paris-Area Theme Parks
international2 days ago

Saudi Arabia Bets $7B on Three Paris-Area Theme Parks

Saudi Arabia will invest six billion euros ($7 billion) to build three mega theme parks on the outskirts of Paris (Cergy-Pontoise), financed by the Qiddiya entertainment group. Macron called the announcement extraordinary and said the projects would create about 22,000 jobs, with a scale unmatched since Disneyland Paris; one park is rumored to be Dragon Ball-themed.

via Deadline|
#international#investment#paris
Wish-I-Bought-It: Cars Readers Wish They’d Snapped Up When Cheap
automotive2 days ago

Wish-I-Bought-It: Cars Readers Wish They’d Snapped Up When Cheap

A Jalopnik round-up of reader-submitted memories about cars people wish they'd bought when they were cheap, featuring classics like the Porsche 944, DeTomaso Pantera, air‑cooled 911, MR2 Turbo, Honda S2000, Dodge Challenger, Porsche 928 GTS, Mazda RX-7, Hemi Cuda, and Acura NSX, and opening with a reflection on soaring new-car prices and the lasting regret of missed opportunities.

via Jalopnik|
#automotive#cars#classic-cars
Vance Heads to Middletown for Promised Steel-Plant Investment
politics5 days ago

Vance Heads to Middletown for Promised Steel-Plant Investment

Vice President JD Vance and Energy Secretary Chris Wright visit Middletown, Ohio for a major investment announcement at the Cleveland-Cliffs steel plant, with details still pending and potential campaign overtones amid the 2026 elections; the trip ties to Vance’s Armco Steel history, and security measures include road closures around his Cincinnati home and in East Walnut Hills.

via WLWT|
#cleveland-cliffs#investment#middletown
Jets Owner Snaps Up Major Stake in Aston Martin F1
business6 days ago

Jets Owner Snaps Up Major Stake in Aston Martin F1

NFL billionaire Robert Wood Johnson IV, owner of the New York Jets, has bought a significant minority stake in Aston Martin’s Formula 1 team as a private investor and will not assume day-to-day control. The move is aimed at expanding cross-sport opportunities and growing Aston Martin’s U.S. fanbase; the exact percentage isn’t disclosed, though sources speculate around 15%. The team remains under a multi-entity ownership led by Lawrence Stroll’s Yew Tree consortium, with a current estimated valuation near $3.5 billion after recent stake moves.

via PlanetF1|
#astonmartinf1#business#formula1
Iger and Kushner land Lakers at $12.5B, Walter pockets $2.5B after 14 months
business11 days ago

Iger and Kushner land Lakers at $12.5B, Walter pockets $2.5B after 14 months

Iger and Kushner agreed to buy the Los Angeles Lakers from Mark Walter for a record $12.5 billion, delivering Walter a $2.5 billion profit after just 14 months of ownership and pending NBA Board approval; the deal signals Iger’s long‑held aim to own top sports franchises and advances Thrive Eternal’s sports-investment ambitions, including a Las Vegas expansion bid.

via Los Angeles Times|
#bob-iger#business#investment
Unwell Valued at $500 Million After WTSL Investment
business14 days ago

Unwell Valued at $500 Million After WTSL Investment

WTSL, led by Patrick Whitesell, invested in Alex Cooper’s Unwell, valuing the company at about $500 million in what marks the media group’s first outside funding. The funds will fuel growth and acquisitions for Unwell, which includes the Call Her Daddy podcast and related ventures, as it expands its merchandise, live events, and film/TV projects—backed by WTSL’s industry expertise and connections. The company has been profitable for three years, and the investment aims to accelerate platform growth.

via The Hollywood Reporter|
#alex-cooper#business#investment
LIV Golf Bets on a New Investor to Outlast 2026
sports20 days ago

LIV Golf Bets on a New Investor to Outlast 2026

LIV Golf is scrambling to survive beyond 2026 after CEO Scott O’Neil disclosed a lead investor with a signed term sheet, but the funding is far smaller than Saudi Arabia’s Public Investment Fund. The league faces canceled events and star players weighing moves as it seeks a viable, player-influenced model, hoping to retain stars like Bryson DeChambeau and Jon Rahm, secure world ranking status, and forge new partnerships to sustain itself.

via The New York Times|
#investment#liv-golf#pga-tour
LIV Golf Bets on a New Investor, but Details Remain Murky
sports20 days ago

LIV Golf Bets on a New Investor, but Details Remain Murky

LIV Golf says a new lead investor has been lined up to fund the tour through 2029, but details on who the investor is or how much money is coming remain unclear. Reports mention a potential loan from BC Partners and a lean plan to host only 10 events per year, raising questions about star participation and the fate of the $40 million Team Championship as the tour seeks long-term stability after losing Saudi backing.

via Defector|
#bc-partners#investment#liv-golf
FIFA drops plan to privatize World Cup venture after backlash
sports26 days ago

FIFA drops plan to privatize World Cup venture after backlash

FIFA has scrapped plans to sell about 20% of a new unit that would run its events, including the World Cup, to raise up to $4.2 billion after strong opposition from member associations and UEFA who called the move secretive and damaging to the sport. The controversy exposed governance tensions around Gianni Infantino, led to resignations, and prompted calls for reform, with an upcoming FIFA presidential election in Morocco on March 18 raising questions about the leadership’s future.

via Al Jazeera|
#fifa#governance#infantino
FIFA presses on with World Cup private investment plan amid UEFA boycott threat
sports27 days ago

FIFA presses on with World Cup private investment plan amid UEFA boycott threat

FIFA says it will push ahead with consultations for a $20 billion FIFA Forward Enterprise to run the World Cup and other events, offering up to 20% to external investors, despite UEFA's unanimous threat to boycott and criticism from other confederations; FIFA insists the plan will proceed only with majority MA support through a democratic process, with incentives of up to $40 million per association if they back the plan by Sept 19, while Thrive Eternal is expected to lead the investor group.

via Al Jazeera|
#fifa#governance#investment