California High Speed Rail encounters $537M cost due to project delays
California High-Speed Rail Project Faces $500 Million Overrun California’s troubled high-speed rail project is set to see an additional $500 million added to its already staggering cost overruns. The state plans to pay a contractor an unprecedented $537 million due to a lawsuit over construction delays. The California High-Speed Rail Authority has approved a significant […]
Bill Gates, Jeff Bezos-backed mining startup KoBold raises $537M
KoBold, the US mining startup backed by billionaire investors including Bill Gates and Jeff Bezos, has raised $537 million in its latest funding round, the company announced. The funding round, co-led by investors Durable Capital Partners LP and T. Rowe Price, valued KoBold at $2.96 billion, the company said. Existing backers including venture capital firm […]