Tim Tebow

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Business

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

Kadant Acquires Longtime Supplier voestalpine BÖHLER Profil in €157M Strategic Move, Eyes Long-Term Gains Despite Near-Term Dilution

Industrial components maker Kadant Inc. (KAI) has finalized a €157 million deal to acquire Austrian precision parts manufacturer voestalpine BÖHLER Profil, a key supplier for over three decades. While the acquisition strengthens Kadant's consumables-focused strategy and secures critical patented technology, executives caution that accounting complexities and existing inventory will dilute earnings through much of 2026 before margin benefits materialize.