News Summary

• Austin Russell, the founder and CEO of lidar company Luminar, has made a bid to acquire the company.
• Beta Technologies took advantage of eased SEC rules during the U.S. government shutdown to price shares for its initial public offering.
• Lilium, which ceased operations a year ago, is living on over at Archer Aviation.
• Airbound, an Indian drone startup founded in 2020, raised $8.65 million in seed funding led by Physical Intelligence co-founder Lachy Groom.