SpaceX and xAI merge, Waymo's Raise, plus more in this week's #technews
20VC with Harry Stebbings·2026-02-04 15:36
Here are the five biggest bits of tech news this week. Number one, SpaceX has completed its acquisition of XAI, valuing the combined private company at 1.25% trillion as Elon Musk moves to pair his rocket business with an AI unit that's burning about a billion a month and lays out plans to use SpaceX to build spacebased data centers. Second on the list, Microsoft.Now the second largest market cap loss ever. They lost $360 billion in market cap in a day. So what's the problem there.It looks like OpenAI overe ...