MATT: 30 MINUTES UNTIL THE START OF THE CASH TRADE. I MATT MILLER. DANI: I'M DANI BURGER."BLOOMBERG OPEN INTEREST" STARTS RIGHT NOW. ♪ MATT: A COSMIC REWARD. PALANTIR'S BLOCKBUSTER RESULTS WE IGNITE A RALLY.DANI: ELON MUSK MERGES SPACEX AND XAI THAT VALUES THE COMBO AT 1.2% 5 TRILLION DOLLARS. MATT: THE HOUSE OF MOUSE. DISNEY NAMES IS NEXT CEO.DANI: ALSO COSMIC. THAT'S AN ADJECTIVE AND I'M INTO IT. EVERY ANNOUNCEMENT.I HAVE TO CHECK ON DISNEY SHARES OFF THE BACK THE ANNOUNCEMENT. THEY ARE UP 1.25%. SOMETHIN ...

I am Stephanie Ruhle and we are now 273 days away from the midterms. Tonight we're keeping a close eye on Capitol Hill as House Speaker Mike Johnson tries to figure out if he's going to be able to end the partial government shutdown. We're going to get into that in a moment, but you know we are beginning tonight with what President Donald John Trump said today about sex criminal Jeffrey Epstein.Watch this. I have nothing to do with Jeffrey Epstein and in fact if you look at the DOJ, they announced, you know ...

Core Insights - SpaceX is preparing for a public offering potentially exceeding a $1.5 trillion valuation, with significant fundraising discussions indicating tens of billions in capital needs [1] - xAI has raised substantial capital, including a $20 billion Series E round at a $230 billion valuation, while facing high operational costs [1] - The merger between SpaceX and xAI is unprecedented, with SpaceX valued at $1 trillion and xAI at $250 billion, marking a record-setting deal in the M&A landscape [5] Company Developments - Tesla has invested $2 billion in xAI while increasing its own AI-related capital expenditures to over $20 billion this year [3] - SpaceX's acquisition of xAI is seen as a strategic move to integrate AI capabilities into its existing infrastructure, leveraging Starlink for global connectivity [7][16] - The merger is positioned as a way to enhance SpaceX's narrative and valuation, transforming it from a launch provider to a platform business [7][18] Regulatory and Compliance Issues - The merger raises significant regulatory scrutiny due to SpaceX's government contracts and the potential conflicts arising from Musk's leadership across multiple companies [4][24] - xAI's Grok product faces ongoing investigations and controversies related to data privacy and content generation, which could impact SpaceX's reputation as a government contractor [20][22][24] - The complexities of merging a consumer-facing AI product with a highly regulated aerospace company present unique challenges for governance and compliance [26][28] Market Implications - Analysts suggest that the integration of AI capabilities into SpaceX's operations could create a new revenue layer and enhance its service offerings [17] - The concept of "orbital compute" is being marketed as a revolutionary approach to AI data processing, potentially attracting investor interest ahead of the IPO [10][15] - The market's perception of Grok's liabilities and controversies will be critical in determining the success of SpaceX's IPO narrative [29][30]

SpaceX has acquired xAI.They are going to build space-based data centers and help create the most valuable private company in the world. https://t.co/1y7TS6NJWC ...

The stated rationale behind the SpaceX-xAI deal is that the companies will work together to launch a fleet of data centres into space. It sounds like the stuff of science fiction, and for a while may remain just that https://t.co/N25oBf4LOa ...

Dear to kick things off. >> Hey Kelly. So for the Silicon Valley crowd, VCs and founders, the vertical integration story that Musk sold in that letter, it's an easy one to buy.You bundle rockets, satellites, data, compute, AI models. You got a closed loop system that no one else can touch. This is the Musk playbook.Control the stack, move faster than regulators. Worry about economics later. However, for the Wall Street crowd, this is more complicated.In an IPO, which is still expected this year, Musk is no ...

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 ...

Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world’s richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration.@EdLudlow explains https://t.co/QutgqWzpQ9 https://t.co/E8E1SHOT2D ...

Market Performance - The A-share market experienced a rebound on February 3, with the Shanghai Composite Index closing at 4067.74 points, up 1.29%, and the Shenzhen Component Index at 14127.11 points, up 2.19% [2] - Over 4800 stocks rose, with more than a hundred stocks hitting the daily limit or increasing by over 10% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 25,656 billion yuan [2] Space Photovoltaics Sector - The photovoltaic industry chain saw a collective surge, particularly in the space photovoltaic sector, with stocks like Aotwei and Dike Co. hitting the daily limit at a 20% increase [3] - SpaceX announced the acquisition of xAI, which is expected to enhance its capabilities in the space photovoltaic domain [3] - Junda Co. announced a share placement to fund research and production of space photovoltaic batteries and plans to invest 30 million yuan for a 16.67% stake in Shanghai Xingyi Xinneng [3] Chemical Sector Activity - The chemical sector also showed strong performance, with companies like Wanfeng Co. achieving a four-day consecutive limit increase [4] - Wanfeng Co.'s stock price has risen nearly 75% this year, driven by rising prices of disperse dye intermediates [4] - Analysts suggest that the chemical industry is shifting towards profitability-focused strategies, with opportunities arising from high-end export replacements due to declines in Europe and Japan [4] Market Outlook - Short-term market fluctuations are expected due to rapid previous gains and the upcoming Spring Festival, but medium-term support factors remain unchanged, indicating potential for a slow upward trend [5] - Analysts predict that February may see a rotation of funds towards technology and cyclical sectors, with a focus on previously underperforming stocks [5] - The market is anticipated to face adjustments in February, particularly in high-performing sectors like non-ferrous metals, while technology and cyclical sectors may present significant investment opportunities [5]

Disney has officially announced CEO Bob Iger’s successor: Josh D’Amaro. CNBC’s Julia Boorstin reports on the choice and explains the importance of the Disney Experiences Division, which D’Amaro currently leads. Ahead of Super Bowl Sunday, New England Patriots owner Robert Kraft launches an ad for the Blue Square Alliance, an initiative to combat antisemitism and hate. Kraft discusses building community through football, preparing for the team’s big game, and the latest NFL Hall of Fame controversies. Plus, ...