Trump Lifts Supersonic Flight Ban; Walmart Expands Drone Delivery
Key Takeaways
- Trump directs FAA to lift 52-year ban on supersonic flight over U.S. soil.
- Walmart and Wing expand drone delivery to thousands more customers in five U.S. cities.
- xAI projects $13B annual earnings by 2029, planning $18B data center investments.
- Uber appoints Macdonald as president, Gore-Coty departs on June 6, 2025.
- Joby Aviation explores Saudi distribution deal for up to 200 electric aircraft.
Top Stories
Trump directs FAA to lift supersonic flight ban
On June 6, 2025, President Donald Trump signed an executive order directing the FAA to lift the 52-year ban on supersonic flight over U.S. soil and create noise-based certification standards, potentially accelerating commercial supersonic flight development.
Walmart and Wing expand drone delivery to five cities
On June 6, 2025, Walmart and Alphabet’s Wing announced they are expanding their drone delivery service to thousands more customers in five additional U.S. cities.
xAI projects $13B annual earnings by 2029
Bloomberg News reported on June 6, 2025, that Musk's xAI expects to generate over $13 billion in annual earnings by 2029. xAI anticipates $1 billion in gross revenue by the end of this year and plans to spend $18 billion on data center investments.
Uber appoints Macdonald as president, Gore-Coty departs
On June 6, 2025, Uber announced the appointment of Andrew “Mac” Macdonald as president and chief operating officer, while also announcing the departure of Pierre-Dimitri Gore-Coty.
Joby Aviation explores Saudi distribution deal for 200 aircraft
On June 6, 2025, Joby Aviation and Abdul Latif Jameel, a Saudi Arabian conglomerate, signed a memorandum of understanding to explore a distribution agreement for up to 200 electric aircraft.
Tech in Motion
Trump signs orders to speed up drone, eVTOL development
On June 6, 2025, President Trump signed executive orders to speed up drone commercialization and electric vertical takeoff vehicle development, and to establish a federal task force on drone flight restrictions.
Tesla Optimus head Kovac resigns, Elluswamy to take over
On June 6, 2025, Tesla's VP of the Optimus robot program, Milan Kovac, resigned to spend more time with family abroad. Ashok Elluswamy, VP of Tesla’s AI software division, will take over the Optimus project.
Global Tech Security
US-UAE data center deal faces security concerns
On June 6, 2025, it was reported that a multi-billion dollar deal between the U.S. and the UAE to build a large data center hub in the UAE is facing security concerns. The AI campus project, funded by G42 with technology from Nvidia, OpenAI, Cisco, Oracle, and SoftBank, is scheduled to have its first phase, Stargate UAE, online in 2026.
North Korea experiences major internet outage
On June 7, 2025, a UK-based researcher reported a major internet outage in North Korea, suggesting the cause might be internal rather than a cyberattack.
Market Watch
Circle Internet shares surge 48% in NYSE debut
On June 6, 2025, Circle Internet's shares surged 48% in its NYSE market debut, reaching $123.49 and valuing the company at $32.1 billion. The IPO is seen as a positive sign for the IPO market.
Broadcom shares fall after disappointing revenue forecast
On June 5, 2025, Broadcom shares fell more than 3% after its third-quarter revenue forecast of around $15.80 billion failed to impress investors, according to a report on June 6, 2025. Broadcom supplies semiconductors to Apple and Samsung and provides networking gear for AI data centers.
Trump: China's Xi agrees to rare earth mineral flow
On June 6, 2025, it was reported that President Trump stated China's Xi agreed to allow the flow of rare earth minerals to the US.
Car News Today
AI voice startup Toma raises $17M
On June 6, 2025, Toma, an AI voice startup focused on car dealerships, announced it has raised $17 million in a seed and Series A round led by a16z.