Category: 3. Business

The Technology M&A team advised Superhuman on its agreement to be acquired by Grammarly, the global leader in AI-enabled communication. This acquisition accelerates Grammarly’s evolution into an AI productivity platform for apps and agents, positioning email as a critical communication surface in the company’s vision of an agentic future.

Superhuman is the AI-native email app that helps users respond one to two days faster and save four hours every week on their email communications. Together, customers have sent over 500 million messages, triaged over 2 billion conversations, and used 6 billion shortcuts through the app.

The Goodwin team was led by Nathan Hagler, Matthew Baudler, Jesse Kalashyan, Rachel Qi, Daisy Beckner, Sean Philbin, and Ashley Shultz; Skyler Gray and Sam Boomgaarden; Kevin Liu, Jinny Kim, and Chalaun Lomax; Monica Patel, Eric Graffeo, James Oh, and Jacquelyn Watson; Edward Holzwanger and Nathaniel A. Hsieh; Arman Oruc, Brady P. P. Cummins, and Kevin Walsh; Kelsey Lemaster, Cecily Xi, and Alicia Shin-Hye Wi; Jacqueline Klosek and Federica De Santis; Jacob Osborn, Carrie Miller, and Justin Shields; Ai Tajima and George Schneider; Stuart Ogg and Justin Anslow; Melissa Schwab Wright and Tyler Garaffa; Brynn Peltz and Cynthia Wells; Kizzy Jarashow and Barry Bazian; Adam Slutsky and Christina L. Ademola; Frances Dea and Andrea Morales.
Superhuman is a client of Craig Schmitz.

For more information, please read the press release.

Brussels, 2 July 2025

CEOs from the world’s leading energy, automotive, and technology companies have come together to issue a strong and unified message to European policymakers: Hydrogen mobility is essential to Europe’s climate goals, industrial competitiveness, and strategic autonomy – and urgent action is needed on infrastructure buildout.

In a joint letter addressed to EU and Member State leaders, the CEOs urge policymakers to firmly position hydrogen mobility at the heart of Europe’s clean transport and industrial strategies. The letter has been signed by executives from more than 30 companies, from multinationals to smaller vendors that combined span the entire hydrogen mobility ecosystem. It calls for immediate and targeted policy support to unlock investment and scale deployment of hydrogen vehicles and infrastructure across the EU.

CEOs point to three critical issues:

Hydrogen mobility unlocks critical energy system synergies: Hydrogen enables demand aggregation, supports hard-to-abate sectors, and drastically reduces renewable energy waste.

Hydrogen mobility is a strategic imperative: Complementing battery-electric vehicles, hydrogen technologies are vital to ensuring a diversified, resilient, and cost-effective decarbonisation of road transport. A combined approach could save Europe between 300-500 billion euros in infrastructure costs by 2050. Two mobility infrastructures will be cheaper for Europe than relying on just electrification.

Hydrogen mobility is a vector for jobs and industrial growth: Europe’s existing industrial strengths in automotive and advanced manufacturing can be leveraged to lead in hydrogen technology, providing up to 500,000 jobs by 2030.

Despite progress, the CEOs warn that hydrogen mobility in Europe will stagnate unless a more coordinated and pragmatic policy framework is implemented to support the rollout of the necessary infrastructure and achieve the scale needed for the hydrogen mobility market to flourish. For this to happen, hydrogen mobility must form a central element of strategic initiatives such as the Sustainable Transport Investment Plan and Clean Industrial Deal, while the ongoing push to simplify EU regulations can help drive down the cost and complexity of building hydrogen mobility infrastructure.

Elon Musk’s Tesla has reported a 14% decline in vehicle deliveries in the second quarter of the year, as the electric car-maker’s problems show no sign of abating.

The just over 384,000 vehicles it delivered between April and June represents the second quarterly drop in a row.

Tesla faces increasing competition from rivals, including China’s BYD. Musk’s controversial role as a government efficiency czar in the Trump administration has also been blamed for the plummeting numbers.

Musk has since left the role – but has publicly sparred with US President Donald Trump over a massive spending bill pushed by the White House.

In response, Trump floated cutting the subsidies received by Musk’s firms or even deporting him.

Trump suggested that the ad-hoc Department of Government Efficiency – known as Doge – could be used to harm the billionaire’s companies.

“Elon may get more subsidy than any human being in history, by far,” Trump wrote on social media Tuesday. “Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!”

“I am literally saying CUT IT ALL. Now,” Musk replied.

Trump has said that Musk’s opposition to the spending bill stems from a provision that removes incentives to buy electric vehicles.

“He’s upset that he’s losing his EV mandate, he’s very upset, he could lose a lot more than that, I can tell you that,” Trump told reporters on Tuesday.

Though the quarterly deliveries metric is tracked closely by investors, some analysts have shrugged off the figures.

“The good news: that ~14% should mark the bottom,” wrote Deepwater Asset Management’s Gene Munster on Musk’s social media site X. “I have September down 10% and December flat.”

Munster said he expected uncertainty about the US EV tax credit to boost near-term sales as buyers scramble to purchase before it expires.

Tesla’s push into robotaxis which kicked off in Austin, Texas last month in uncertain fashion could prove critical, he said.

“Over the next two years, I think investors will be fine with flat deliveries as long as autonomy shows measurable progress,” Munster added.

The global pivot toward government-backed satellite programs is redefining global EO strategies, shifting demand toward defense-grade, sovereign capabilities

Paris, France [July 2, 2025] – The 18th edition of Novaspace’s Earth Observation Satellite Systems report, finds 5,770 EO satellites set to launch by 2034 as national defense priorities shape space strategy. As geopolitical instability drives interest in sovereign EO assets, defense and civil satellites are positioned to overtake commercial deployments .

“A new generation of defense suppliers is emerging as countries look to promote the development of national EO ecosystems, with momentum expected to increase in the coming years,” says Federico Banfi, project manager at Novaspace. “This shift in priorities is accelerating procurement cycles and offering the market more agile, cost-effective, and modular systems supported by advanced software and AI.”

Going forward, defense satellites are poised to lead new deployments. This trend is increasingly visible with recent projected budget cuts in commercial Earth observation data procurement reinforcing this strategic shift. US agencies are increasingly prioritizing data from internal, defense-operated assets over commercial sources, driving the move toward sovereign, secure space capabilities.

This growth is enabled by the miniaturization of technologies supporting the deployment of smallsat constellations in various types of orbits, carrying an increasing range of sensors that could be hosted on-board. 2025 marks the start of the Very Low Earth Orbit (VLEO) and VVHR era, set to disrupt competition going forward. The Chinese Chutian constellation deployed its first prototype in 2024 and is preparing for larger deployment this year. In the US, commercial players have also started deployment, signaling a new generation of high-resolution, low-latency capabilities.

Performance, longevity, and cost efficiency now outweigh mass as key priorities. Heavier smallsat associated enhanced capabilities meet growing defense and mission demands, while launch costs remain manageable. Sub-50 kg satellites, once 82% of commercial launches, are expected to drop below 50%, highlighting this market is shifting toward more complex and diversified missions.

About the Report
Novaspace’s Earth Observation Satellite Systems, 18th edition provides a global assessment of the EO space systems market. Evaluating supply and demand for EO satellites built and launched in the past and next decade, the report details the market evolution for commercial, civil government and unclassified defense satellites. Novaspace proprietary database includes satellites launched and to be launched by 2034 with details on the operator, the manufacturer and full, extensive characterization information (e.g., mass, mission and sensor type, resolution, etc.).

Access the full report here: https://nova.space/hub/product/earth-observation-satellite-systems-database/

About Novaspace
Novaspace is a global leader in space consulting and market intelligence, formed through the merger of Euroconsult and SpaceTec Partners. This strategic move combines the distinctive strengths of both entities to significantly amplify our international presence and service capabilities. With over 40-year legacy of expertise in guiding public and private entities in strategic decision-making, Novaspace offers end-to-end consulting services, from project strategy definition to implementation, providing data-led perspectives on critical issues. Novaspace presents an expanded portfolio of services, featuring combined expertise in management and technology consulting, top-tier executive summits, and market intelligence. Trusted by 1,200 clients in over 60 countries, with offices strategically located in Brussels, London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toulouse, and Washington D.C.

Media Enquiries:
Olivia Garnier | Communications Lead – olivia.garnier@nova.space

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Expanding the Impact in New York 

In June, ELC continued its coast-to-coast support of HOPE as co-title sponsor of the 4th annual Latina History Day in New York City. The two-day event began with a leadership training for rising Latina changemakers across the city, designed to spark connection and build skills through interactive workshops and networking opportunities. 

The day kicked off with a skin care masterclass led by Sarah Lam, Director, Global Omnichannel Education Development, Clinique, and her education team. Attendees participated in a hands-on skin-typing activity and were introduced to Clinique’s signature 3-step skin care system. Participants also took part in an interactive session led by Susan Carroll, Executive Director of Education for TOM FORD, Balmain Beauty, Kilian Paris, and Frédéric Malle, focused on understanding and strengthening their leadership styles through guided reflection, peer discussions, and breakout exercises. In the afternoon, Jaime Perez, National Makeup Artist for Bobbi Brown Cosmetics, led a confidence-boosting beauty session, sharing pro tips and demonstrating techniques from the brand’s best-selling products. 

That evening, ELC hosted a salon-style reception at our global headquarters to celebrate the trainees and connect leaders from across industries in support of HOPE’s mission. The evening featured remarks from ELC’s Barma Uruchima, Vice President, Global Value Creation, and co-chair of the Hispanic Connections Employee Resource Group; HOPE CEO Helen Torres; and 2 of the program’s inspiring trainees, who shared personal reflections on what the leadership training experience meant to them. 

The events culminated in the Latina History Day NYC luncheon, where public and private sector leaders came together to spotlight Latina leadership and advocacy. Kaitesi Rama-Munroe, Director, Global Public Affairs, ELC, delivered sponsorship remarks on behalf of the company, sharing her pride in working for a company that turns its values into action. She highlighted ELC’s role in co-founding the Textured Education Collective—a coalition that includes Aveda and Bumble and bumble and works to make cosmetology education more inclusive—and underscored the power of policy, purpose, and partnership in driving meaningful change. 

HOPE also released its latest Economic Status of Latinas report, which highlighted wage gaps, barriers to representation, and opportunities for investment and reform. 

As part of the experience, attendees received curated gift bags with products from across the ELC portfolio, including TOM FORD, Bobbi Brown Cosmetics, Estée Lauder, Clinique, and Smashbox. 

ELC remains committed to building a world of limitless possibilities for women and girls. By partnering with organizations like HOPE, we aim to address the barriers that continue to hold Latinas and other women of color back from opportunity and advancement. Through leadership development, storytelling, and cross-sector collaboration, we’re proud to support efforts that help shape a more equitable future—for our industry and beyond.