The New Money
Posts
The Lithium Comeback, Less Lethal Weapons, And Tesla's Robotaxi Launch

The Lithium Comeback, Less Lethal Weapons, And Tesla's Robotaxi Launch

The markets and trends that matter, made simple. Discover what’s next.

October 12, 2024

Are Publicly Traded Lithium Companies Making A Comeback?

Publicly traded lithium producers and exploration companies have been seeing a resurgence in excitement recently, with a flurry of new acquisitions, discoveries, government funding, and technology collaborations.

Less Lethal Weapons, More Revenue

Byrna Technologies (NASDAQ: BYRN) has announced $20.9 million in revenue from their most recent quarter, their highest ever. Byrna is one of the first movers in the public markets to see significant traction around less lethal weapons, which have the potential to be adopted by individuals for personal safety purposes as well as reduce the harm caused by police forces in dealing with dangerous assailants.

Elon Musk and Tesla Roll Out Groundbreaking Robotaxis

Tesla (NASDAQ: TSLA) officially unveiled their new fully autonomous vehicles known as the Cyber Cab and the Robovan. The new vehicles represent the most ambitious new launch from Tesla since first becoming a publicly traded company, as they are aiming to usher in robotaxis as an entirely new form of autonomous transportation.

The Sprint

Rio Tinto (NYSE: RIO) agreed to purchase Arcadium Lithium (NYSE: ALTM) for $6.7 billion in cash.
Provenance Gold (CSE: PAU | OTCQB: PVDGF) raised a total of approximately $2.4 million to advance exploration plans at their flagship Eldorado gold project located in Oregon.
Grayscale is expanding the accessibility of their Grayscale Decentralized AI Fund to be available to accredited investors for the first time.
Robinhood (NASDAQ: HOOD) co-founder Baiju Bhatt has launched a new startup called Aetherflux that is focused on harnessing solar energy from space.
RTX (NYSE: RTX) owned business Raytheon landed a $736 million contract from the United States Navy to produce their AIM-9X SIDEWINDER missiles.
Uniswap announced plans to launch their own Ethereum layer 2 blockchain called Unichain.
Momentus (NASDAQ: MNTS) was selected by NASA to provide launch services for future missions through NASA’s Venture-Class Acquisition of Dedicated and Rideshare contract.
Airloom Energy, a startup backed by billionaires Bill Gates and Chris Sacca, has raised $13.75 million in new funding in an effort to reinvent wind energy.

The Markets This Week

+35.8% | Defiance Leveraged MicroStrategy ETF (NASDAQ: MSTX) is becoming increasingly popular with retail investors looking to bet on Bitcoin since its recent Nasdaq debut in late September.

+14.5% | IonQ (NYSE: IONQ) was recently awarded a $54.5 million contract from the United States Air Force Research Lab to design and deploy technology and hardware that can be used for quantum systems.

+10.8% | Galaxy Digital (TSX: GLXY) previously debuted the first three ETFs they will launch in partnership with State Street in the United States.

+9.2% | Airship AI (NASDAQ: AISP) recently won a $4 million contract from the United States Department of Homeland Security to use their proprietary artificial intelligence powered software technology and hardware devices.

+7.0% | Redwire Space (NYSE: RDW) previously acquired spacecraft development company Hera Systems, a manufacturer of spacecraft that are purpose built for national security missions in geostationary orbit.

Looking to connect? Reach out and get in touch.

New here? Join our community of 30,000+ individuals interested in uncovering the world’s most exciting early stage companies.

Disclaimer: The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by some of the companies mentioned in this email for awareness campaigns, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of the mentioned companies without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.