"The $843 million spacecraft SpaceX is designing to bring down the International Space Station at the end of the decade will be a super-powered version of its Dragon capsule that’s used to transport astronauts and cargo to orbit today, the company revealed Wednesday. NASA awarded SpaceX the massive contract to develop the U.S. Deorbit Vehicle (USDV) last month. It won the award — over the only other bidder, Northrop Grumman — in part because the design leverages so much flight-proven hardware, NASA said in a source selection statement published Tuesday. NASA was looking for proposals that maximized the use of flight heritage because reliability will be key, Dana Weigel, NASA’s ISS program manager, said during a Wednesday press conference. But even with the significant incorporation of the Dragon architecture, around half of the USDV will be entirely new, and 100% of the deorbit functionality will be new to this spacecraft, she said. " #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #spacex #nasa #iss #aerospace #manufacturing https://lnkd.in/gqtCKCVS
Renaissance Capital Alliance, LLC
Financial Services
Troy, MI 737 followers
Providing tailored financial solutions to Fortune 1,000 companies by utilizing years of hands-on experience.
About us
Renaissance Capital Alliance is a Certified Minority Business Enterprise specializing in the leasing of large ticket assets. We finance service vehicle fleets, mining equipment, medical equipment, construction equipment, aircraft, marine, manufacturing and plant equipment, shipping containers, material handling fleets and other similar assets to Fortune 1,000 companies. RCA has a proven record of being a single source financial solution for all of our client’s equipment leasing needs. Our financial services range from $1 million to $250 million per client. We provide a wide array of leasing and financing products that can be tailored to meet each client’s unique needs. That makes RCA the perfect “Partner in Productivity.”
- Website
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http://www.rcalliance.com
External link for Renaissance Capital Alliance, LLC
- Industry
- Financial Services
- Company size
- 11-50 employees
- Headquarters
- Troy, MI
- Type
- Partnership
- Founded
- 2001
- Specialties
- Equipment Financing
Locations
-
Primary
5440 Corporate Dr.
Suite 275
Troy, MI 48098, US
Employees at Renaissance Capital Alliance, LLC
Updates
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"EssilorLuxottica has agreed to buy streetwear brand Supreme from VF Corporation for $1.5 billion, both companies said on Wednesday, marking the first acquisition of an apparel company for the French-Italian eyewear maker. In a separate statement, EssilorLuxottica said it had agreed to buy an 80% stake in family-owned Heidelberg Engineering, a German company specialising in diagnostic solutions and healthcare IT for clinical ophthalmology, strengthening its push into medical technology. The companies did not disclose financial details. Vans and North Face owner VF Corp bought clothing and skateboarding streetwear brand Supreme in 2020 for $2.1 billion. The sale of Supreme is expected to be dilutive to VF's earnings per share in fiscal 2025, according to the companies' joint statement." #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #mergersandacquisitions #essilorluxottica #supreme https://lnkd.in/emmAzHx2.
EssilorLuxottica to buy Supreme for $1.5 bln, shares down 2.5%
reuters.com
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"US-based medical device company Stryker has announced that it has completed the acquisition of soft tissue fixation company Artelon, to expand its hold over a surgical market estimated to be worth approximately $3.4bn. The acquisition comes with the aim to acquire Artelon’s portfolio of devices and expand options available to Stryker’s foot and ankle and sports medicine specialist customers. Stryker says that Artelon’s synthetic technology is designed to enhance biological and mechanical ligament and tendon reconstruction with more than 60,000 implantations worldwide. The medical device company has not disclosed the cost of the acquisition but in the hours following the announcement, the company’s stock price tumbled from $339 per share to $333 each." #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #stryker #mergersandacquisitions #medical #manufacturing https://lnkd.in/e7BJW8vW
Stryker inks deal to acquire Artelon
finance.yahoo.com
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"Google’s parent company Alphabet might be on the verge of making its biggest acquisition ever. The Wall Street Journal reports that Alphabet is in advanced talks to acquire Wiz for around $23 billion. While the deal isn’t finalized, the WSJ says it could come together soon. Wiz offers an all-in-one approach to cloud security, ingesting data from Amazon Web Services, Microsoft Azure, Google Cloud, and other cloud platforms, then scanning it all for security risk factors. Presumably, Alphabet executives see the deal as a way to fortify Google’s cloud business, which grew 28% to $9.57 billion in the first quarter of this year. Neither Google nor Wiz immediately responded to TechCrunch’s requests for comment. This report comes just two months after Wiz announced raising a $1 billion Series E at a $12 billion valuation. Founded four years ago by former Microsoft employees Assaf Rappaport, Ami Luttwak, Yinon Costica, and Roy Reznik, Wiz has raised a total of $1.9 billion." #finance #equipmentfinance #equipmentleasing #fiancialservices #corporatefinance #google #mergersandacquisitions #security https://lnkd.in/grM6HG8u
Google reportedly in talks to acquire cloud security company Wiz for $23B | TechCrunch
https://techcrunch.com
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"SpaceX’s Falcon 9 rocket is the most reliable launch vehicle in history, but even the greats have an occasional miss. That’s what happened on Thursday evening, when the rocket’s second stage suffered a catastrophic error on orbit during a routine launch of a batch of Starlink internet satellites. SpaceX CEO Elon Musk later said on his platform X that the second stage’s Merlin Vacuum engine failed to reignite for the second and final time, which resulted in a 'RUD' — a rapid unscheduled disassembly, industry-speak for a catastrophic explosion. While the 20 Starlink satellites were deployed, they were deployed into the wrong orbit, and it’s unclear whether the onboard propulsion will move the satellites quickly enough to escape the pull of the Earth’s atmosphere. 'Upper stage restart to raise perigee resulted in an engine RUD for reasons currently unknown,' he said. 'Team is reviewing data tonight to understand root cause. Starlink satellites were deployed, but the perigee may be too low for them to raise orbit. Will know more in a few hours.' The Starlink 9-3 mission blasted off from California’s Vandenberg Space Force Base at 7:35 p.m. PST. Just minutes after lift-off, the livestream of the launch showed an usual amount of ice build-up on the top of the engine, with large clumps falling away into the engine’s exhaust plume. This could suggest a leak of the liquid oxygen, which together with kerosene makes up the engine propellant. The exact cause of the failure is still unknown." #finance #equipmentfinance #corporatefinance #equipmentleasing #financialservices https://lnkd.in/gYMWDju3
SpaceX Falcon 9 suffers rare failure on orbit during Starlink deployment | TechCrunch
https://techcrunch.com
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"The IRS says it has clawed back more than $1 billion in unpaid taxes from millionaires who were skipping payment of undisputed tax bills — that is, they were skipping them until the agency started stiffening enforcement on rich households. Tax collectors reached the money milestone less than a year after identifying 1,600 wealthy households that needed to pay tax debts worth at least $250,000 apiece, IRS and Treasury officials announced Thursday. This collection work is ongoing, and it’s one part of a tougher stance on rich taxpayers and businesses from a better-staffed IRS, they noted. The Inflation Reduction Act of 2022 earmarked billions for the IRS to improve its operations, hire more staff and go after wealthy tax cheats. Since then, the agency has been spotlighting its plans to use the money and its early results." #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #taxes #irs https://lnkd.in/eECX_Q3b
The IRS just collected a ‘staggering’ $1 billion in unpaid taxes from millionaires — and it’s going back for more
finance.yahoo.com
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"Joby Aviation is still a year away from commercially launching its electric air taxi designed for urban environments, but the startup is already looking towards its next chapter: Intercity flight, powered by hydrogen. To get the conversation started with regulators and demonstrate hydrogen’s capabilities, Joby told TechCrunch that it completed a 523-mile test flight with a hydrogen-electric prototype aircraft – one of its eVTOLs (electric vertical takeoff and landing vehicle) that the startup fitted with a liquid hydrogen fuel cell and hydrogen-electric propulsion system. Today, Joby Aviation’s eVTOLs are being built to transport people and goods short distances within cities or from cities to airports. Powered by batteries, the aircraft have 100 miles of range. Hydrogen acts as a range-extender, opening the door to a regional use case, according to Joby. 'This is a landmark moment for aviation,' JoeBen Bevirt, CEO of Joby, told TechCrunch. 'If you want to travel long distances, or you want to stay in the air for long periods of time, hydrogen-electric is a game changer.'" #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #joby #aviation #greenhydrogen https://lnkd.in/e_vwP4Mn
Joby Aviation is betting on hydrogen-electric aircraft for regional flight | TechCrunch
https://techcrunch.com
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"Honeywell said on Wednesday it would buy Air Products' liquefied natural-gas process technology and equipment business for $1.81 billion in cash, marking the industrial giant's fourth acquisition this year. The deal would complement Honeywell's LNG pretreatment business by adding technologies such as heat exchangers and cryogenic equipment to its portfolio amid growing demand for the fuel in key end-markets including power and data centers. The Energy Information Administration this week forecast average U.S. LNG exports would reach 12.2 billion cubic feet per day in 2024 and 14.3 bcfd in 2025, up from a record 11.9 bcfd in 2023. Air Products' cryogenic equipment and natural gas liquefaction processes are used both onshore and offshore. Its coil-wound heat exchangers, part of the business being bought by Honeywell, is used for reliable liquefaction with minimal deck space requirement. 'With the addition of Air Products LNG and expected year-end close, Honeywell is on track to deploy ~$15 billion in 2024 across M&A,' said Sheila Kahyaoglu, analyst at Jefferies." #honeywell #airproducts #mergersandacquisitions #oilandgas #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance https://lnkd.in/dKzBUcQi
Honeywell to buy Air Products' LNG unit for $1.81 bln as deal-making spree continues
reuters.com
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"US oil company Devon Energy has announced a definitive agreement to acquire the Williston Basin business from Grayson Mill Energy in a cash and stock deal valued at $5bn. Devon intends to finance the acquisition through $3.25bn in cash and by issuing 37 million shares of common stock valued at $1.75bn. This move will bolster Devon's presence in the Williston Basin, adding 307,000 net acres with a 70% working interest. The assets being acquired are projected to maintain a production level of around 100,000 barrels of oil equivalent per day (boepd), with 55% being oil, in 2025. Devon anticipates this addition will contribute to an average of up to $50m in annual cash flow savings, driven by operational efficiencies and marketing synergies." #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #devonenergy #mergersandacquisitions #oilandgas https://lnkd.in/gFt7dD5A
Devon Energy to buy Grayson Mill Energy’s Williston Basin assets for $5bn
finance.yahoo.com
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"Eli Lilly agreed to buy Morphic Holding for $3.2 billion in cash, the companies said on Monday, beefing up its portfolio of inflammatory bowel disease (IBD) drugs and expanding its footprint in the multi-billion dollar market. Shares of Waltham, Massachusetts-based Morphic surged 76% to $56.15 in premarket trading on Lilly's offer of $57 per share, which represents a 79% premium to stock's last closing price. Through the deal, Lilly will procure an experimental oral IBD treatment that offers patients a more convenient dosing option compared to other injectable therapies, including its IBD drug Omvoh that was approved last year. Along with Lilly, other drugmakers such as Abbvie Inc, Pfizer and Johnson & Johnson are also jostling for a share of the bowel disease market." #finance #equipmentfinance #equipmentleasing #financialservices #corporatefinance #medical #mergersandacquisitions #elililly https://lnkd.in/eHFRv6FM.
Eli Lilly to buy bowel disease drug developer Morphic for $3.2 bln
reuters.com