Elon Musk’s aerospace firm SpaceX has acquired his artificial intelligence business xAI, in a merger that consolidates part of Musk’s empire as SpaceX prepares to go public later this year, at a valuation likely to exceed $1tn. The two companies announced the deal on Monday in a statement on SpaceX’s website, saying the merger would form “the most ambitious, vertically-integrated innovation engine...
Elon Musk’s aerospace firm SpaceX has acquired his artificial intelligence business xAI, in a merger that consolidates part of Musk’s empire as SpaceX prepares to go public later this year, at a valuation likely to exceed $1tn. The two companies announced the deal on Monday in a statement on SpaceX’s website, saying the merger would form “the most ambitious, vertically-integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile device communications and the world’s foremost real-time information and free speech platform”. SpaceX, one of the world’s most valuable private companies, will gain xAI properties such as its Grok chatbot and the social media platform X. The acquisition comes as Musk has pursued plans to put datacenters and solar-powered satellites in space as a means of powering artificial intelligence, an immense and exorbitantly expensive undertaking. The announcement of the deal specifically cited Musk’s plans for space-based datacenters as a rationale for the deal. “Current advances in AI are dependent on large terrestrial datacenters, which require immense amounts of power and cooling. Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term, without imposing hardship on communities and the environment,” the announcement said. “In the long term, space-based AI is obviously the only way to scale.” Musk has been increasingly intertwining parts of his businesses in recent months through deals and acquisitions. xAI acquired the platform X in an all-stock transaction in early 2025, and last month Tesla revealed that it planned to invest $2bn in xAI. Both SpaceX and xAI have received staggering valuations in the past year. As SpaceX continues to dominate satellite launches and secure extensive contracts with the US federal government, it sent a letter to investors in December that revealed an expected value of $800bn for the company. Despite widespread backlash to xA...
Elon Musk’s rocket company SpaceX has acquired xAI, the artificial intelligence firm founded by Musk three years ago, in a massive, and unconventional, deal that combines the two privately held firms into a company with an astounding $1.25 trillion reported valuation and plans for a historic IPO this year. Musk, who is the CEO of both companies as well as publicly traded electric vehicle and robot...
Elon Musk’s rocket company SpaceX has acquired xAI, the artificial intelligence firm founded by Musk three years ago, in a massive, and unconventional, deal that combines the two privately held firms into a company with an astounding $1.25 trillion reported valuation and plans for a historic IPO this year. Musk, who is the CEO of both companies as well as publicly traded electric vehicle and robotics company Tesla, described the combination as one that will “form the most ambitious, vertically integrated innovation engine on (and off) Earth, with AI, rockets, space-based internet, direct-to-mobile-device communications, and the world’s foremost real-time information and free speech platform,” he wrote in a blog post on SpaceX’s website. Musk cited the potential for space-based data centers, the energy-intensive computing facilities necessary to power AI services, as one of the most important benefits of the combination, even though the concept is still unproven and largely theoretical. “Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term,” Musk wrote in the blog post. “By directly harnessing near-constant solar power with little operating or maintenance costs, these satellites will transform our ability to scale compute,” Musk wrote. While reports of a potential deal emerged last week, the stratospheric value of the transaction and the swiftness with which it closed left many industry observers in awe, underscoring the massive expectations around AI as well as fears of an overheated market that could be due for a reckoning. According to reporting in Bloomberg, the deal between SpaceX and xAI will lead to a combined enterprise value of $1.25 trillion, with shares of xAI valued at $526.59 apiece. Musk has reportedly been hashing out the potential terms of a SpaceX IPO this year that would value the company at $800 billion, setting the stage for what could be the largest initial public offering of all time. Representa...
格隆汇2月3日｜摩根士丹利策略师表示，美国总统特朗普提名凯文·沃什领导美联储，并不意味着新兴市场货币和本地债券市场长达一年的上涨行情就此结束。尽管MSCI新兴市场货币指数自上周四收盘以来已下跌0.5%，但投资者仍应逢低买入本地市场，因为基本面依然稳健，货币政策继续发挥着压舱石作用。“新兴市场牛市可能依然完好，” James Lord、Simon Waever等策略师在报告中写道。
格隆汇2月3日｜摩根士丹利策略师表示，美国总统特朗普提名凯文·沃什领导美联储，并不意味着新兴市场货币和本地债券市场长达一年的上涨行情就此结束。尽管MSCI新兴市场货币指数自上周四收盘以来已下跌0.5%，但投资者仍应逢低买入本地市场，因为基本面依然稳健，货币政策继续发挥着压舱石作用。“新兴市场牛市可能依然完好，” James Lord、Simon Waever等策略师在报告中写道。
Investors love a good deal. Shares of Walmart (WMT +4.14%) rose on Monday after the U.S. and India struck a major trade agreement. By the close of trading, Walmart's stock price was up more than 4%. A blockbuster deal The U.S. and India agreed to reduce tariffs on each other's exports. Prime Minister Narendra Modi also said his country would buy more American-made products, according to an announc...
Investors love a good deal. Shares of Walmart (WMT +4.14%) rose on Monday after the U.S. and India struck a major trade agreement. By the close of trading, Walmart's stock price was up more than 4%. A blockbuster deal The U.S. and India agreed to reduce tariffs on each other's exports. Prime Minister Narendra Modi also said his country would buy more American-made products, according to an announcement by U.S. President Donald Trump. U.S. retailers with considerable exposure to India's economy, whether through its rapidly expanding manufacturing base or fast-growing consumer markets, rose sharply on the news. Expand NASDAQ : WMT Walmart Today's Change ( 4.14 %) $ 4.93 Current Price $ 124.08 Key Data Points Market Cap $950B Day's Range $ 119.05 - $ 124.19 52wk Range $ 79.81 - $ 124.20 Volume 1.1M Avg Vol 28M Gross Margin 23.90 % Dividend Yield 0.79 % Smart investments have positioned Walmart to profit Walmart has a significant presence in India. The discount retail titan has shifted more of its supply chain operations to India in recent years as it strives to reduce its dependence on China. In June, former Walmart CEO Doug McMillon said the retail giant set a goal to source $10 billion worth of goods from the country by 2027. Walmart is also set to benefit from India's economic expansion through its roughly 80% equity stake in Flipkart. Walmart originally invested about $16 billion in the Indian e-commerce leader back in 2018 and has since increased its ownership position on several occasions.
US President Donald Trump said on Monday that Mexico would stop sending oil to Cuba as he ramped up a pressure campaign on the Caribbean nation. “Mexico is gonna cease sending them oil,” Trump told reporters in the White House Oval Office. He did not elaborate on why he believed this to be the case. Mexican authorities did not immediately respond to a request for comment. Advertisement Mexico is...
US President Donald Trump said on Monday that Mexico would stop sending oil to Cuba as he ramped up a pressure campaign on the Caribbean nation. “Mexico is gonna cease sending them oil,” Trump told reporters in the White House Oval Office. He did not elaborate on why he believed this to be the case. Mexican authorities did not immediately respond to a request for comment. Advertisement Mexico is the single-largest supplier of oil to Cuba, which regularly suffers from energy shortages and mass blackouts. Cuba relies heavily on fuel imports of refined products to meet its demand for electricity generation, petrol, and aviation fuel. US sanctions and a deep economic crisis have prevented the Communist government from buying enough fuel for years, forcing it to depend on a small group of allies. Reuters has reported that the Mexican government is reviewing whether to keep sending oil to Cuba, as it worries that Mexico could face reprisals from the United States over its policy to do so. Advertisement President Claudia Sheinbaum’s administration said on Sunday it would seek to ship oil to Cuba for humanitarian reasons, “without seeking confrontation”. But they also said aid would consist of “other” products for the coming week.
Corning typically flies under the radar, but its products are critical to the artificial intelligence (AI) revolution. Corning (GLW +6.89%) is best known for having supplied the tough, scratch-resistant glass for Apple's iPhone since 2007. However, its stock has more than tripled over the last two years for a completely different reason. Corning has become a leading supplier of fiber-optic cables ...
Corning typically flies under the radar, but its products are critical to the artificial intelligence (AI) revolution. Corning (GLW +6.89%) is best known for having supplied the tough, scratch-resistant glass for Apple's iPhone since 2007. However, its stock has more than tripled over the last two years for a completely different reason. Corning has become a leading supplier of fiber-optic cables for data centers, which are significantly more efficient at moving information between chips and devices than their copper counterparts. As a result, these cables are in high demand from artificial intelligence (AI) developers, and in fact, Facebook parent Meta Platforms (META 1.41%) just placed a multi-year order worth a whopping $6 billion. Here's what this could all mean for Corning stock going forward. The transition to fiber is a huge opportunity The typical data center stack includes graphics processing units (GPUs), central processing units (CPUs), high-bandwidth memory, storage chips, switches, adapters, and more. Nvidia's flagship NV-Link 72 rack includes 72 GPUs that are connected to all of those other components using around two miles of cables. Most data center operators are still using copper, but they are quickly transitioning to fiber-optic cables instead because this material can transmit information faster and over much further distances, with minimal data loss. This is increasingly important because data center nodes are growing in size, so while a 72-GPU stack is common right now, that figure will eventually increase to hundreds of GPUs. This means data has to travel over much longer distances, making optical fiber the clear choice. Meta has around 30 data centers either in operation or planned, including one called Hyperion, which is under construction in Louisiana. Construction is scheduled to finish in 2030, and it will be the company's biggest facility so far. Early estimates suggest it will house around 1.3 million GPUs, so if a single Nvidia NV-Link...
Palantir Technologies NASDAQ: PLTR reported what executives repeatedly characterized as a record-setting fourth quarter, highlighting sharply accelerating U.S. demand for its Artificial Intelligence Platform (AIP) and strong profitability metrics alongside rapid revenue growth. Get Palantir Technologies alerts: Sign Up Management said fourth-quarter revenue rose 70% year-over-year to $1.407 billio...
Palantir Technologies NASDAQ: PLTR reported what executives repeatedly characterized as a record-setting fourth quarter, highlighting sharply accelerating U.S. demand for its Artificial Intelligence Platform (AIP) and strong profitability metrics alongside rapid revenue growth. Get Palantir Technologies alerts: Sign Up Management said fourth-quarter revenue rose 70% year-over-year to $1.407 billion, while full-year 2025 revenue increased 56% to $4.475 billion. CFO Dave Glazer said the quarter marked the company’s highest reported revenue growth rate as a public company and exceeded the high end of prior guidance by “over 900 basis points.” U.S. business drove results; commercial strength stood out Executives emphasized that Palantir’s U.S. operations were the primary growth engine. Glazer said fourth-quarter U.S. revenue grew 93% year-over-year and 22% sequentially to $1.076 billion, marking the first time U.S. revenue surpassed $1 billion in a quarter. For full-year 2025, U.S. revenue rose 75% to $3.320 billion. Chief Revenue Officer Ryan Taylor said the U.S. business accounted for 77% of total revenue in the quarter. He also highlighted continued acceleration in U.S. commercial results, saying the segment “defied conventional enterprise software dynamics.” Glazer reported fourth-quarter U.S. commercial revenue increased 137% year-over-year and 28% sequentially to $507 million, while full-year U.S. commercial revenue grew 109% to $1.465 billion. On the broader commercial segment, Palantir reported fourth-quarter commercial revenue of $677 million, up 82% year-over-year and 23% sequentially. Full-year commercial revenue increased 60% to $2.073 billion. International commercial growth remained comparatively muted, with fourth-quarter international commercial revenue up 8% year-over-year to $171 million and full-year international commercial revenue up 2% to $608 million. Government business expanded; Navy award and Maven updates highlighted Palantir’s government segm...
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Key Points FSTA charges a much lower expense ratio and has a larger asset base than PBJ. FSTA delivered higher 1-year and 5-year returns, but with a slightly higher maximum drawdown. FSTA holds more stocks and leans more heavily into large-cap consumer staples, while PBJ is more concentrated and includes some exposure to basic materials. These 10 stocks could mint the next wave of millionaires › T...
Key Points FSTA charges a much lower expense ratio and has a larger asset base than PBJ. FSTA delivered higher 1-year and 5-year returns, but with a slightly higher maximum drawdown. FSTA holds more stocks and leans more heavily into large-cap consumer staples, while PBJ is more concentrated and includes some exposure to basic materials. These 10 stocks could mint the next wave of millionaires › The Fidelity MSCI Consumer Staples Index ETF (NYSEMKT:FSTA) stands out for its ultra-low costs, broader diversification, and higher recent total returns compared to the more concentrated and pricier Invesco Food & Beverage ETF (NYSEMKT:PBJ). Both the Invesco Food & Beverage ETF and Fidelity MSCI Consumer Staples Index ETF target the U.S. consumer staples sector, but their approaches differ: FSTA tracks a broad index of over 100 large- and mid-cap consumer defensive stocks, while PBJ uses a rules-based strategy to select 30 food and beverage companies based on momentum and value factors. This comparison unpacks the key differences investors may want to consider. Snapshot (cost & size) Metric PBJ FSTA Issuer Invesco Fidelity Expense ratio 0.61% 0.08% 1-yr return (as of 2026-01-30) 1.9% 7.6% Dividend yield 1.83% 2.34% Beta 0.65 0.55 AUM $94.08 million $1.32 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The one-year return represents total return over the trailing 12 months. FSTA is notably more affordable, charging just 0.08% in annual fees, compared to PBJ’s 0.61%. FSTA also offers a higher recent dividend yield, which could appeal to investors seeking income alongside defensive sector exposure. Performance & risk comparison Metric PBJ FSTA Max drawdown (5 years) (15.84%) (16.59%) Growth of $1,000 over 5 years $1,379 $1,524 What's inside FSTA tracks a broad consumer staples index and holds 97 stocks, providing exposure to household names and industry leaders. Its portfolio is dominated by consumer defensive co...