Snap Inc. files for IPO, Aecom halts construction on Faraday Future’s factory, Spaceship Co. partners to develop supersonic aircraft, and more.

Snap Inc. Files for IPO

Snap Inc., parent company and developer of messaging app Snapchat, has confidentially filed for an initial public offering of its stock with the Securities and Exchange Commission, reports the L.A. Business Journal. The Venice-based company would likely initiate its IPO in March, an offering which would value the company between $20 billion and $25 billion, according to sources cited by Reuters and The Wall Street Journal.

Aecom Halts Construction on Faraday Future’s Factory

Aecom has halted construction on Faraday Futures Las Vegas electric car factory after the Chinese-backed firm missed several payments, reports Fortune. A Faraday spokesman said the company is “refocusing its resources” on preparing its first production vehicle for introduction at the Consumer Electronics Show in Las Vegas in January.

Spaceship Co. Partners to Develop Supersonic Aircraft

Spaceship Co. has partnered with Denver-based startup Boom to build a new generation of supersonic passenger jets to reintroduce transatlantic flight times not seen since the Concorde last flew, reports The Guardian. The Spaceship Co.’s parent, Virgin Group, will have an option on Boom’s first 10 airframes, and will provide engineering and manufacturing services, as well as flight test and operations support.

Hulu Acquires Video Genome Project

Hulu has acquired the Video Genome Project, a recommendation engine developer, for an undisclosed amount reports Deadline. The online television provider will use the Video Genome Project’s technology to recommend television shows and movies to users based on their past viewing.

Technology reporter Garrett Reim can be reached at [email protected]. Follow @garrettreim on Twitter for the latest in L.A. tech news.