SpaceX Alums Build 40-mph Electric Boat
Arc Boat Company, a new high-tech company with heavy duty Silicon Valley funding, is now selling a 24-foot, 40-mph, all-electric boat powered by a 200kWh battery. The company is taking orders for the new Arc One, costing $300,000, with the first boat scheduled for delivery by the end of the year. So far, Arc, based in Los Angeles, has ten employees. All but one of them, CEO Mitch Lee, have worked for SpaceX, Elon Musk’s space exploration company. Lee founded the company with Ryan Cook; they studied mechanical engineering together at Northwestern University, and then went on to work at…