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Bidding for Blue Origin's first human flight hits $4M

Jeff Bezos' Blue Origin kicked off a three-phase online auction in early May, offering one seat on the first flight of its New Shepard spacecraft, which has already had over a dozen successful flights to and from space, according to the company.

Ferrari taps chipmaker exec as CEO

Benedetto Vigna, who is set to join Ferrari as chief executive officer on Sept. 1, currently serves as STMicroelectronics' president of analog, micro-electromechanical systems (MEMS) and sensors group, its most profitable operating business in 2020.