\n 1. XSpace plans $250M industrial condo expansion with RAFA Racing Club
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XSpace plans $250M industrial condo expansion with RAFA Racing Club<\/p>\nHouston-based XSpace Group has teamed up with two other Houston companies, RAFA Racing Club and Maximo Capital, to develop five industrial condo projects that pair flex space and high-end car storage space with a members-only clubhouse for motorsports enthusiasts. The five projects will be built in the Dallas-Fort Worth; Miami-Boca Raton; Charlotte-Mooresville, North Carolina; Phoenix-Scottsdale; and Los Angeles markets. Continue reading. <\/a><\/p>\n In advance of the spinoff of its Mission Technology Solutions unit, Houston-based KBR has made two C-suite hires for the new business. Michael LaRouche is coming aboard as president and CEO of the spinoff, currently called SpinCo, on Sept. 26. Nicholas Veasey joined as executive vice president and chief financial officer on July 1. Continue reading. <\/a><\/p>\n Fervo Energy went public earlier this summer. The Houston geothermal company priced its IPO at $27 per share<\/a>, raised $1.89 billion, and opened the next morning at a market capitalization north of $10 billion. By most measures, it is the largest venture-backed cleantech IPO in history and an unambiguous win for Houston. It\u2019s also a useful moment to look at where Houston’s venture ecosystem stands and where it can go. The highlight: Houston’s venture ecosystem has real foundations and, with increased company formation activity, can grow into the scale our city’s ambitions deserve. Continue reading. <\/a><\/p>\n More Walmart delivery drones are now buzzing around Houston-area skies. In January, Walmart launched its drone delivery service in partnership with Wing at five locations in the Houston area. The retail giant just added eight more stores to its Houston-area drone delivery network. Wing says the expansion makes drone delivery available to more than 1 million residents of the Houston area. Continue reading. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Editor’s note: The top Houston innovation headlines for the first half of July include XSpace’s expansion and KBR’s…\n","protected":false},"author":2,"featured_media":376888,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[53898,56,58,57,56771,16361,19883,94760],"class_list":["post-376887","post","type-post","status-publish","format-standard","has-post-thumbnail","category-houston","tag-drone-delivery","tag-houston","tag-houston-headlines","tag-houston-news","tag-kbr","tag-sugar-land","tag-trending-innovation-news","tag-xspace"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/376887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=376887"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/376887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/376888"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=376887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=376887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=376887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n 2. KBR names C-suite duo to lead $5.3B government services spinoff
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\n 3. Experts: Houston’s VC ecosystem has set the foundation \u2014 now we need scale
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\n 5. Walmart expands drone delivery service to 8 new Houston-area stores
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