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SpaceX and xAI Merge in Historic $1.25 Trillion Deal, Forging Musk's Ultimate Tech Conglomerate

Elon Musk has consolidated his space exploration and artificial intelligence ventures, merging SpaceX and xAI in a landmark transaction that creates a single entity valued at approximately $1.25 trillion. The move signals a strategic pivot to intertwine AI development with interplanetary ambition, though it raises immediate questions about regulatory oversight and market concentration.

Business

Arm Holdings Aims for Ninth Straight Earnings Surprise Amid AI Pivot and Valuation Scrutiny

Chip designer Arm Holdings reports its fiscal third-quarter results after the bell Tuesday, with investors watching to see if it can extend its post-IPO streak of earnings beats. While Wall Street anticipates solid growth, the stock's steep decline over the past year underscores persistent concerns over its premium valuation and the tangible payoff from its high-profile AI partnerships.