Tech Weekly: Samsung's Profit Surge, Deep's Underwater Habitats, and SpaceX Starship Tests

Samsung's Record Profit

• 📈 Samsung Electronics announced its strongest quarterly profit in over three years, expecting an operating profit of $8.5 billion.
• 💡 This surge is attributed to the rising demand for memory chips, with profits up nearly a third year-on-year and significantly exceeding analyst estimates.

Deep's Underwater Habitat Project

• 🌊 British company Deep plans to deploy its 3D-printed underwater habitat, Vanguard, by the end of the year, aiming for permanent human presence beneath the waves.
• ⚓ A larger version, Sentinel, is scheduled for deployment in 2027, featuring a 'moon pool' design to facilitate diving and underwater research.

LG Electronics India IPO Success

• 🚀 LG Electronics India saw its trading debut surge over 50%, achieving a valuation exceeding $13 billion.
• 💰 The IPO's success surpassed its $8.73 billion target, making it the most sought-after IPO in India since 2008 and outvaluing its South Korean parent company.

Wayve's Funding Talks

• 🚗 British driving technology group Wayve is reportedly in talks with Microsoft and SoftBank to raise up to $2 billion.
• 💰 This potential funding round would value the company at approximately $8 billion, according to sources cited by the Financial Times.

SpaceX Starship Development

• 🚀 SpaceX conducted its 11th test of the Starship rocket system, focusing on a new engine configuration for landing.
• 🛰️ The next launch will feature a version specifically enhanced for moon and Mars missions, drawing significant attention.