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Elon Musk's Boring company hits some bumps in Nashville
Bloomberg Technology· 2026-02-04 15:44
Elon Musk isn't typically associated with failure. Whether it's rockets or cars, his ventures have mostly been successes, generating a fortune for himself and his backers. The exception to that winning streak is the underground transportation project, the Boring Company.Despite flashy announcements in cities, including Chicago, Fort Lauderdale, and Los Angeles. To date, the venture has just one operational project in Las Vegas that is years behind schedule and moving a fraction of the users's promised. That ...
Bezos' Blue Origin Tops 90 Space Travelers With NS-38
Bloomberg Technology· 2026-02-04 15:44
Mach 1 vehicle is supersonic. >> 3 minutes 10 seconds into flight. It is flat.>> Booster descent nominal. >> Welcome home. New Shepard booster.Welcome home. Tail four. >> Capital means deployed.>> Capsule touchdown. Welcome home NS-38. puffing up that West Texas dust and slowing down the capsule to about a mile or two before landing. ...
The Xbox-owned Game Studio Trying to Reinvent Itself
Bloomberg Technology· 2026-02-04 14:53
Last year, the video game developer Obsidian Entertainment released three games. A rare and impressive accomplishment that led to parent company Xbox labeling 2025 the year of Obsidian. Obsidian, founded in 2003 and purchased by Xbox in 2018, has become a fan favorite studio for making deep RPGs with stories that change based on the player's decisions.But last year wasn't all a triumph. Two of their games, Avowed and The Outer Worlds 2, failed to meet sales expectations for Xbox and Obsidian. The video game ...
Disney Taps Parks Chief to Be CEO, Palantir Gives Strong Sales Outlook | Bloomberg Tech 2/3/2026
Bloomberg Technology· 2026-02-03 21:51
>> BLOOMBERG TECH IS LIVE FROM COAST-TO-COAST WITH CAROLINE HYDE IN NEW YORK AND ED LUDLOW IN SAN FRANCISCO. >> THIS IS BLOOMBERG TECH. PALANTIR SHARES RISING AFTER THE COMPANY EXCEEDED WALL STREET EXPECTATIONS WITH ITS REVENUE FORECAST. >> AND DISNEY PARKS CHIEF WILL SUCCEED BOB IGER AS CEO. OUR CONVERSATION WITH THE DISNEY CHAIRMAN ABOUT THE NEWS LATER THIS HOUR. >> ELON MUSK IS COMBINING SPACEX AND XAI VALUING THE ENTITY AT $5.2% TRILLION. >> WE ARE BACK TO THE NORMAL STATE OF PLAY. STOCKS, BOND AND DOLL ...
Netflix Promises More for Less After Proposed Merger With Warner Bros.
Bloomberg Technology· 2026-02-03 21:17
Netflix and Warner Brothers both have streaming services, but they are very complementary. In fact, 80% of HBO MAX subscribers also subscribe to Netflix. We will give consumers more content for less.This deal keeps one of the most iconic Hollywood studios healthy and competitive. Warner and Netflix together will create value for consumers, more opportunities for the creative community and more American jobs. ...
Musk’s SpaceX Combines With xAI at $1.25 Trillion Valuation
Bloomberg Technology· 2026-02-03 20:16
SpaceX just bought XAI all stock transaction. The SpaceX bit valued at $1 trillion. The XAI bit $250 billion.The combined entity $1.25% trillion. XAI becomes a subsidiary of SpaceX which is subject to rules around the use of technology in defense applications. Thus, XAI will basically run as a separate company.There are concerns about XAI's debt pile and some of the financing behind this. The question is why. Elon Musk's argument is quite simple.AI is running out of power here on Earth. It's putting a burde ...
Military Robot Startup Overland AI Raises $100M
Bloomberg Technology· 2026-02-03 18:53
Stuff. You talk about scaling battlefield ready autonomous vehicles. How ready are they.How much are you already deployed within the army. Yeah. So we're doing a ton of end user integration.Our team spent most of 2025 in the field with soldiers and Marines. And the thing that's very exciting is the number of use cases are expanding. So Overland's autonomous ground vehicles are being used for everything from reconnaissance to resupply to breaching.So when we think about a sheer scale of money coming from ven ...
Netflix CEO Faces Lawmakers' Antitrust Scrutiny
Bloomberg Technology· 2026-02-03 18:39
Ted Sarandos, What can we expect today. I think it's 2:30 p. m.local time when he is going to be in Washington. I think it'll be really interesting to watch this hearing. There are a couple of different topics that could come out.The first is this merger and how it will play out in light of overall questions around mergers and acquisitions more generally. We certainly have seen increased scrutiny, particularly in the tech sector and a concerning shift at times away from that focus on consumers. But also bec ...
Musk to Combine SpaceX, xAI in a $1.25 Trillion Deal
Bloomberg Technology· 2026-02-03 18:25
It's probably worth going through the chronology of yesterday afternoon. There were two memos, right, that we know about, one from Elon Musk and one from Space X's CFO, Brett Johnson. That explained, as much as we know about the mechanics of it, Take it from there and then we'll get to the big picture.Right. So the the original memo came from you on himself, which I actually believe is posted on the SEC's website. Now talking about the reason for the merger.He mentioned creating a, you know, the most ambiti ...
Palantir Valuation Doesn't Make Sense, Brent Thill Says
Bloomberg Technology· 2026-02-03 14:45
Let's talk about the outlook. Annual revenues seen between $7.18% billion and $7.2% billion. The estimate going in had been four $6.27% billion.So quite a beat there when it comes to the expectations. Brent, you can see that reflected in the shares. What do you make of what we learned at the top of the hour.There's still a crush in the numbers. And I think in a world of AI that is getting crushed and soft firm bite, my coverage universe is going straight south. Now, Palantir's fundamentals are are and are d ...