Rani Molla12/3/24

Lots of companies are on Elon’s Wild Ride

Elon Musk is in the news for a lot of different big numbers recently. Here are a few:

A Delaware judge again struck down Musk’s record Tesla pay package, which would currently be worth about $101.5 billion.
His rocket and satellite startup SpaceX is discussing a tender offer that would value the company at around $350 billion, making it by far the most valuable startup in the world.
Musk is asking a court to stop OpenAI from converting to a for-profit, whose valuation would have been about $157 billion.

$101.5B

value of Musk’s pay package

$350B

SpaceX valuation

$157B

OpenAI’s for-profit valuation

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Tesla Will Open Up Its Chargers To Other Brands, In Order To Receive Federal Subsidies

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.

McDonald’s plans $3 menu items as fast food loses its price edge

Americans are spending more of their dining-out dollars at full-service restaurants again.

Fast food value meals for Trending feature in Food

Rani Molla3/12/26

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.

Tesla Converts xAI Investment Into SpaceX Stake Ahead of IPO

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.

Tom Jones

big red

3/10/26

Just how huge is YouTube, anyway?

Google’s video platform is now the world’s largest media company, per new MoffettNathanson research.

Presentation of the YouTube Podcast Awards

Southwest Airlines At San Diego International Airport

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.

Max Knoblauch3/9/26

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