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Illustration: Lazaro Gamio/Axios

Uber is seeking strategic alternatives for its Uber Elevate business, including strategic partnerships or a partial sale, Axios has learned from multiple sources.

Why it matters: This reflects Uber CEO Dara Khosrowshahi's obsession with achieving profitability, as evidenced by partial sales of Uber's money-losing freight and self-driving units. A company spokesman declined comment.

The bottom line: Uber Elevate's goal is to develop a network of self-driving taxis, with its website suggesting a launch year of 2023.

  • It also had a helicopter service running in New York City, but suspended those operations during the pandemic. At last check, the unit had around 80 employees.

Go deeper

Dan Primack, author of Pro Rata
Dec 15, 2020 - Economy & Business

Blade takes electric flight to the public markets

Illustration: Aïda Amer/Axios

Blade, a short-distance aviation company best known for helicopter rides from airports to city centers, agreed to go public via a reverse merger with a special purpose acquisition company (SPAC) affiliated with KSL Capital Partners.

Why it matters: Blade wants to become the first publicly traded company to offer electric vehicles in the air.

6th victim dies following South Carolina shooting

Jack Logan, founder of Put Down the Guns Young People, places stuffed animals and flowers outside of Riverview Family Medicine and Urgent Care on Friday after the fatal shooting in Rock Hill, South Carolina, a day earlier. Photo: Sean Rayford/Getty Images

The only survivor of this week's mass shooting in South Carolina by former NFL player Phillip Adams has died of his injuries, authorities said Saturday.

Details: Robert Shook, 38, an air conditioning technician from Cherryville, North Carolina, died of gunshot wounds from Wednesday's shooting at a doctor's home in Rock Hill, S.C., which claimed the lives of five other victims.

2 hours ago - World

In photos: Egypt unveils 3,000-year-old "lost golden city"

A view on Saturday of the city, dubbed "The Rise of Aten," dating to the reign of Amenhotep III, uncovered near Luxor. Photo: Khaled Desouki/AFP via Getty Images

A top Egyptian archaeologist on Saturday outlined details of a newly rediscovered "lost golden city" near Luxor that dates back more than 3,000 years.

Why it matters: Zahi Hawass told NBC News the large ancient city, unveiled Thursday, tells archaeologists for the first time "about the life of the people during the Golden Age." Johns Hopkins University Egyptology professor Betsy Brian said in a statement it's "the second most important archeological discovery since the tomb of Tutankhamen."