Kitty Hawk, a high profile startup that aims to develop electric aircraft that can take off vertically and land almost anywhere, said Wednesday it was winding down development of its first vehicle, a single-seat aircraft called “Flyer.” This is basically a confirmation of problems with Flyer that were earlier reported by Forbes . The move is notable because Kitty Hawk’s public demonstrations...
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Forget the IPO Window. Watch for More M&A
Here’s some food for thought about initial public offerings. Yesterday I asked Brex co-CEO Henrique Dubugras when he thought the IPO window would open. His fintech company, after all, is one of many that could be beating down that door. Having raised $1.5 billion in funding, Dubugras said the company has a plan to break even off its existing funding. When I ask the IPO question, I usually...
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