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May 1, 2025

Strategy reports $4.2B Q1 loss

Strategy, formerly MicroStrategy, posted a $4.2B Q1 loss but now holds 553,555 bitcoins worth $51.55, continuing its aggressive crypto strategy.

a multi-beam, multi-band ground terminal on a production floor
May 1, 2025

AeroVironment completes $4.1B acqusition of BlueHalo

Arlington County-based defense contractor AeroVironment on Thursday announced that it had successfully completed its $4.1 billion acquisition of Arlington aerospace and defense tech firm BlueHalo.

Hyatt Regency hotel in Tysons Corner. AdobeStock
Apr 30, 2025

Northern Virginia business leaders’ confidence drops in Q2

Business confidence in Northern Virginia declined in Q2 2025, with leaders citing federal layoffs, inflation and supply chain issues, a new survey shows.

Apr 30, 2025

Spire sells maritime business for $241M to Kpler

Vienna-based Spire Global announced last week that it completed its roughly $241 million sale of its maritime business to Belgian data and analytics company Kpler — bringing an end to a legal spat that arose when Kpler initially didn’t go through with the previously announced purchase.

Photo of the exterior of a Big Lots store
Apr 29, 2025

Big Lots reopening 10 stores in Virginia

Big Lots returns with 132 store reopenings across 14 states in May, including stores in Chesapeake, Chester, Fredericksburg, Front Royal, Martinsville, North Chesterfield, North Prince George, Waynesboro, Winchester and Yorktown.

LS GreenLink USA, along with Gov. Glenn Youngkin and Chesapeake Mayor Rick West, breaks ground on new manufacturing facility.
Apr 28, 2025

LS GreenLink breaks ground on $700M tallest structure in Virginia

LS GreenLink USA on Monday broke ground on the tallest structure in Virginia. Gov. Glenn Youngkin, Sen. Tim Kaine and several Chesapeake officials gathered at 1213 Victory Blvd. in Chesapeake to kickstart the construction of the company’s more than $680 million offshore wind subsea cable manufacturing facility, the first of it[...]

Photo courtesy Hitachi Energy
Apr 25, 2025

Hitachi Energy to invest $22.5M in SWVA expansion, creating 120 jobs

Hitachi Energy will invest $22.5M to expand its Bland facility and open a new warehouse in Atkins, creating 120 jobs and boosting production capacity.

Apr 24, 2025

Cvent acquires California tech company Prismm

Tysons-based global event marketing and management company Cvent announced Thursday it has acquired Mill Valley, California-based spatial event design technology provider Prismm.

Glenn Diersen is the founder and president of Summit Human Capital in Richmond. Photo courtesy Summit Human Capital
Apr 23, 2025

19 Virginians are finalists for EY Mid-Atlantic Entrepreneur of the Year

Nineteen Virginia entrepreneurs are finalists for EY’s 2025 Mid-Atlantic Entrepreneur of the Year award, with winners to be announced June 18.

Nursing students practice their phlebotomy skills. Image courtesy Sentara Health
Apr 22, 2025

Sentara College of Health Sciences ends degree programs

Chesapeake-based Sentara College of Health Sciences announced last week that it will stop offering nursing and non-nursing degree programs and will move those courses to state and regional universities. The 130-year-old school also will pause admissions and evaluate its non-degree offerings, according to President Angela Taylor[...]

Apr 22, 2025

Krispy Kreme investor to acquire Roanoke’s Shenandoah Life in deal

JAB Holding Co., the Luxembourg-based holding company that owns a majority stake in Krispy Kreme doughnuts, plans to pay $3.1 billion to buy Prosperity Life Group, parent company of Roanoke-based Shenandoah Life Insurance, according to a filing made last month with the State Corporation Commission. Applications for approval of a[...]

An orange aircraft parks in front of skyscrapers
Apr 21, 2025

Electra raises $115M to build ultra-short aircraft

Manassas-based aviation startup Electra.aero announced Monday it has secured $115 million in Series B funding to enter pre-production and certification phase of its EL9 model, a hybrid ultra-short aircraft that can take off and land in 150 feet. The round was led by Prysm Capital, a New Jersey-headquartered growth equity firm. P[...]

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