Business news: deals and moves
The latest on the people and companies we track, newest first.
World’s 10 richest lose $300 billion in October as tech stocks slideThe ten richest people were worth $2.8 trillion on 1 November, down from $3.1 trillion a month earlier, as worries about AI spending hit tech shares. Only Steve…
SpaceX and Tesla form committees to explore a mergerBoth companies set up special committees of independent directors to study a combination. Elon Musk called it a good idea but said the decision is up to the…
SpaceX posts its first profit as a public company as Starlink and AI revenue surgeSpaceX reported $2.8 billion of operating income for the third quarter, with Starlink revenue up 69% and its AI computing unit up about ninefold.
Mukesh Ambani passes Gautam Adani again as India’s richest personOn Forbes's real-time tracker Ambani was worth $78.8 billion on 13 October, $3.9 billion ahead of Adani, after Adani group shares fell and Reliance rose.
Paramount completes Warner Bros. Discovery takeover, renames combined company SkydanceThe deal, backed by the Ellison family, creates a Hollywood giant spanning Paramount, Warner Bros., HBO, CBS and CNN, led by David Ellison.
Adani family tops Forbes India Rich List 2026 at $112.7 billionGautam Adani's family reclaimed first place on Forbes's annual list of India's 100 richest, ahead of the Ambanis at $86.3 billion.
Warren Buffett hands Berkshire Hathaway chairmanship to his son HowardBuffett became chairman emeritus and stays on the board. Greg Abel remains chief executive.
Blue Origin raises $10 billion in its first outside funding roundJeff Bezos's rocket company took outside money for the first time, at a reported $130 billion pre-money valuation, weeks after SpaceX's IPO.
SpaceX raises a record $75 billion in its IPO, making Elon Musk the first trillionaireSpaceX priced its shares at $135, valuing it at about $1.77 trillion, and began trading on Nasdaq under the ticker SPCX.
SpaceX and Tesla form committees to explore a mergerBoth companies set up special committees of independent directors to study a combination. Elon Musk called it a good idea but said the decision is up to the…
SpaceX posts its first profit as a public company as Starlink and AI revenue surgeSpaceX reported $2.8 billion of operating income for the third quarter, with Starlink revenue up 69% and its AI computing unit up about ninefold.
Mukesh Ambani passes Gautam Adani again as India’s richest personOn Forbes's real-time tracker Ambani was worth $78.8 billion on 13 October, $3.9 billion ahead of Adani, after Adani group shares fell and Reliance rose.
Paramount completes Warner Bros. Discovery takeover, renames combined company SkydanceThe deal, backed by the Ellison family, creates a Hollywood giant spanning Paramount, Warner Bros., HBO, CBS and CNN, led by David Ellison.
Adani family tops Forbes India Rich List 2026 at $112.7 billionGautam Adani's family reclaimed first place on Forbes's annual list of India's 100 richest, ahead of the Ambanis at $86.3 billion.
Warren Buffett hands Berkshire Hathaway chairmanship to his son HowardBuffett became chairman emeritus and stays on the board. Greg Abel remains chief executive.
Blue Origin raises $10 billion in its first outside funding roundJeff Bezos's rocket company took outside money for the first time, at a reported $130 billion pre-money valuation, weeks after SpaceX's IPO.
SpaceX raises a record $75 billion in its IPO, making Elon Musk the first trillionaireSpaceX priced its shares at $135, valuing it at about $1.77 trillion, and began trading on Nasdaq under the ticker SPCX.