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China’s Huawei Starts Taking Pre-orders for Mate 70 Smartphone

A Chinese flag flutters near a Huawei store in Shanghai, China September 8, 2023. (Reuters)
A Chinese flag flutters near a Huawei store in Shanghai, China September 8, 2023. (Reuters)
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China’s Huawei Starts Taking Pre-orders for Mate 70 Smartphone

A Chinese flag flutters near a Huawei store in Shanghai, China September 8, 2023. (Reuters)
A Chinese flag flutters near a Huawei store in Shanghai, China September 8, 2023. (Reuters)

China's Huawei Technologies on Monday announced that it had started taking pre-orders for its Mate 70 smartphone model, in a statement on its official WeChat account.

It will also hold an event for the Mate brand on Nov. 26, it said in a separate statement, where it is expected to unveil its latest smartphone line-up.

The company's online store on Monday started allowing users to reserve the Mate 70 and two pro versions without requiring a deposit. The website did not disclose prices.

Huawei returned to the 5G premium smartphone market last year with its Mate 60 phones that have domestically produced semiconductors.

The phones have been celebrated in China as a triumph over US sanctions that have, since 2019, prevented the company from accessing advanced US chips and other technology.

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Musk's SpaceX Preparing to Launch Tender Offer in Dec at $135/share, FT Reports

Elon Musk, chief executive officer of SpaceX and Tesla, attends the launch of SpaceX's Starlink internet service in Indonesia at a sub district community health center in Denpasar, Bali, May 19, 2024. (Reuters)
Elon Musk, chief executive officer of SpaceX and Tesla, attends the launch of SpaceX's Starlink internet service in Indonesia at a sub district community health center in Denpasar, Bali, May 19, 2024. (Reuters)
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Musk's SpaceX Preparing to Launch Tender Offer in Dec at $135/share, FT Reports

Elon Musk, chief executive officer of SpaceX and Tesla, attends the launch of SpaceX's Starlink internet service in Indonesia at a sub district community health center in Denpasar, Bali, May 19, 2024. (Reuters)
Elon Musk, chief executive officer of SpaceX and Tesla, attends the launch of SpaceX's Starlink internet service in Indonesia at a sub district community health center in Denpasar, Bali, May 19, 2024. (Reuters)

Elon Musk's SpaceX is preparing to launch a tender offer in December to sell existing shares at a price of $135 per share, the Financial Times reported on Friday, citing people with knowledge of the discussions.

The tender offer would value SpaceX at more than $250 billion, according to the report.

SpaceX did not immediately respond to a Reuters request for comment, according to Reuters.

Musk, the world's richest person, is expected to wield significant influence in Washington to secure favorable government treatment for his companies, including SpaceX, after Donald Trump's victory for a second presidency.

Musk's dream of transporting humans to Mars could also become a bigger national priority under Trump, Reuters reported earlier this month.

NASA's Artemis program, which aims to use SpaceX's Starship rocket to put humans on the moon as a proving ground for later Mars missions, is expected to focus more on the Red Planet under Trump and target uncrewed missions there this decade.

Under Trump, SpaceX is also expected to push for even softer regulations on worker safety and safety of participants in private space flights in orbit.

A Reuters investigation last year documented at least 600 worker injuries at SpaceX facilities across the US, and how SpaceX disregarded safety regulations and standard practices.