After a big pullback for EVs, climbing gas prices are causing drivers to eye them again
Still, the market is much different than it was the last time oil prices were this high.
How Tesla quietly wound up owning a small piece of SpaceX
Tesla is converting its recent $2 billion investment in Elon Musk’s AI company, xAI, into a small ownership stake in SpaceX — just months before the rocket maker’s highly anticipated IPO.
Here’s what happened: Tesla announced its xAI investment in late January, after a shareholder proposal to invest fell short last year. Several days later, xAI merged with SpaceX. All three companies are headed by Musk.
Now, regulatory filings with the Federal Trade Commission show Tesla converting that investment into a small stake in SpaceX, formalizing the financial link between the companies ahead of the rocket maker’s IPO. SpaceX is expected to go public this year at a valuation some speculate could top $1.75 trillion, potentially making it the biggest company to ever go public. (The current record holder, Saudi Aramco, went public at a more than $1.7 trillion valuation in 2020.)
While the size of Tesla’s stake wasn’t available, Bloomberg reports that the investment would equate to ownership of less than 1%.
While SpaceX and Tesla have engaged in related-party transactions over the years, Tesla had not previously disclosed an equity investment in SpaceX.
Now, regulatory filings with the Federal Trade Commission show Tesla converting that investment into a small stake in SpaceX, formalizing the financial link between the companies ahead of the rocket maker’s IPO. SpaceX is expected to go public this year at a valuation some speculate could top $1.75 trillion, potentially making it the biggest company to ever go public. (The current record holder, Saudi Aramco, went public at a more than $1.7 trillion valuation in 2020.)
While the size of Tesla’s stake wasn’t available, Bloomberg reports that the investment would equate to ownership of less than 1%.
While SpaceX and Tesla have engaged in related-party transactions over the years, Tesla had not previously disclosed an equity investment in SpaceX.
Southwest stopped fuel hedging a year ago. Whoops.
It’s been a year since Southwest said it would end its fuel-hedging program. Oil’s moves this year make that decision look like a mistake.
AI models are crying out for new video footage and GoPro has thousands of hours’ worth — can it save the company?
So far, no. The action camera company reported another slump in revenue, to $652 million.
Opendoor CEO says it will offer 4.99% mortgages — even as its profit per home thins
The iBuying company is back in the mortgage business it left four years ago.
Paramount sinks as ratings agencies scrutinize its debt
Paramount on Monday said its merger with Warner Bros. would create an entity with $79 billion in net debt.
Paramount+ and HBO Max will combine, David Ellison says
It’s yet to be determined whether this merger will result in yet another new name for the HBO streamer.
McDonald’s pivoted to value and won. Now it's taking a big, beefy gamble on the Big Arch
The fast food giant’s biggest-ever burger has a premium price tag in a value-driven time. Can it deliver a big bump in sales or will it be a repeat of McDonald’s most famous flop?
Archer teams up with Starlink to bring internet access to its Midnight air taxi
The announcement marks an “industry-first collaboration,” says Archer.
OpenAI may need to IPO or achieve AGI to get all of Amazon’s $50 billion investment
A month ago, word got out that Amazon was planning to invest up to $50 billion in OpenAI as part of a larger $100 billion funding round. Now, it seems that money might be dependent on OpenAI pulling off one of two massive goals: a successful IPO, or achieving artificial general intelligence (AGI).
OpenAI is in a heated race against rival Anthropic to be the first big generative-AI startup to IPO, which the former is reportedly trying to do by Q4 of this year.
AGI is still a squishy concept, but is generally described as an AI system that is better than humans at pretty much everything. When the much-hyped AGI goal might be achieved is the subject of rampant speculation.
The Information reports that negotiations between Amazon and OpenAI are still ongoing, but they may include an agreement for OpenAI to build custom models for Amazon, which could be used in Alexa.
The $100 billion fundraising round is reported to value OpenAI at around $730 billion.
OpenAI is in a heated race against rival Anthropic to be the first big generative-AI startup to IPO, which the former is reportedly trying to do by Q4 of this year.
AGI is still a squishy concept, but is generally described as an AI system that is better than humans at pretty much everything. When the much-hyped AGI goal might be achieved is the subject of rampant speculation.
The Information reports that negotiations between Amazon and OpenAI are still ongoing, but they may include an agreement for OpenAI to build custom models for Amazon, which could be used in Alexa.
The $100 billion fundraising round is reported to value OpenAI at around $730 billion.
As Nvidia’s gaming results underwhelm, the company sees “very tight” quarters ahead
The company’s former golden goose gaming division booked $3.7 billion in revenue in the fourth quarter, 8% below Wall Street’s expectations.
Celsius soars after crushing earnings expectations with record sales year
Shares of Celsius were up almost 16% in early trading on Thursday, after the company released Q4 and full-year results that exceeded expectations.
The energy drink company reported:
Adjusted earnings per share for the fourth quarter of $0.26, above analysts’ average projection of $0.20 per share, per Bloomberg data.
Q4 revenue of $721.6 million, beating forecasts of $638.7 million.
Celsius also posted annual revenue of $2.5 billion, which marked a massive 86% increase from FY2024. It also reported strong sales growth in North America (up 89% year over year) and its retail sales of the Alani Nu brand (up 101%) as bright spots, while Rockstar Energy brand sales slumped 11% in FY2025.
In the press release, CEO John Fieldly said that Celsius is “entering 2026 with positive momentum,” and added that the brand “reached an approximate 20% dollar share of the U.S. energy drink category in Q4 2025.” Competitor Monster Beverage is expected to report earnings after the bell today.