Today's Business Headlines 01/29/26
An announcement about the merger could come as soon as this week, according to the outlet, though sources said the negotiations could take longer or even fall apart entirely. Elon Musk waves to the crowd during the 56th annual World Economic Forum meeting in Davos, Switzerland, on Jan.
22.and runs the Grok chatbot, raised funds at a $200 billion valuation in the fall. Meanwhile, SpaceX, which has huge rocket contracts with NASA and offers the Starlink satellite internet service, is aiming to raise $50 billion at a $1.5 billion valuation, according to multiple reports. 'Deadbeat' hedge fund boss, sued by his own mom, declares bankruptcy — lists guinea pigs among $239K in assetsPENN District poised to grow by another block, replacing ‘junky retail' — NYC loses giant A potential merger would impact SpaceX’s reported plans to go public. Last week, the Financial Times reported Musk had floated holding an IPO in mid-June toMusk has said he wants to launch AI data centers into space – an expensive plan that would require SpaceX’s capabilities and a significant cash infusion.“By directly harnessing near-constant solar power with little operating or maintenance costs, these satellites will achieve transformative cost and energy efficiency while significantly reducing the environmental impact associated with terrestrial data centers,” SpaceX wrote in the filing. Musk serves as CEO of both SpaceX and xAI. He’s also the boss of electric car maker Tesla, brain-chip startup Neuralink and tunnel-digging firm The Boring Company.Kevin Warsh's nomination to Fed is one of Trump's smartest moves— and a partnership he needs to make work 'Deadbeat' hedge fund boss, sued by his own mom, declares bankruptcy — lists guinea pigs among $239K in assetsSavannah Guthrie’s mom’s Arizona home treated as ‘crime scene’ following disappearance: copsElon Musk waves to the crowd during the 56th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22.
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