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Re:Build Manufacturing has closed a two-point-one billion dollar funding round, billing itself as America's answer to Shenzhen. The company, which previously spun out electric truck startup Slate Auto, is betting that the United States can rebuild serious industrial capacity by combining advanced manufacturing with homegrown engineering talent.
Shifting north of the border, Magellan Aerospace has signed a memorandum of understanding with Swedish defense firm Saab to explore building Gripen fighter jet components right here in Canada. The deal is conditional on Ottawa selecting the Gripen for the Royal Canadian Air Force, but it signals how fighter procurement decisions carry enormous industrial and economic weight beyond the cockpit.
And on the digital trading front, Robinhood reported that crypto revenue fell fifty-five percent compared to last year, with trading volume dropping thirty-eight percent. Still, the numbers beat what Wall Street had expected, and the company's broader blockchain business showed enough momentum to suggest investors aren't walking away from the space just yet.
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