WeWork could be bailed out next weekPosted: Updated:
WeWork might get a bailout within the next week. The co-working company is seeking a lifeline after shelving its plans for an IPO. JP Morgan is reportedly working on a rescue package that would include its own money, according to the Financial Times. WeWork needs a cash infusion by the end of November. Restructuring, including layoffs, is expected.
Elon Musk says the Crew Dragon manned capsule is in the final stages of development. The SpaceX-built capsule is being funded by NASA and SpaceX's own funds, and represents NASA's best bet of launching American astronauts from American soil. U.S. astronauts currently hitch a ride with Russians after the space shuttle retired in 2011.
Uber could be coming to the water. The ride-sharing app is testing boat service in the city of Lagos, a notoriously congested metropolis that happens to be built on a lagoon. It's a signal of Uber's efforts to work on transit outside of its core service. The boat service will come at a cost of $1.50.