A $110 billion media merger closed Tuesday while Elon Musk regains trillionaire status and former AI researchers issue safety warnings. Investors are watching these developments as markets open higher.
Wrong: said Paramount Skydance's Warner Bros. Discovery deal was still expected to close later in the day, and that the Nasdaq hit intraday and closing records as markets opened Tuesday. Right: Skydance announced the deal closed on Tuesday morning, October 6, before this story ran; the Nasdaq's intraday and closing records came in Monday's session, with futures higher Tuesday morning.
Elon Musk has returned to trillionaire status after SpaceX shares rose nearly 8%.
Anthropic whistleblower Jacob Coxon described the industry's development approach as extremely reckless.
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OKXICE has notified the SEC of plans to operate nonstop tokenized trading for more than 60 U.S. equities under the Innovation Exemption, with pairs against stablecoins and access limited to verified wallets on XLayer.
The Dow fell more than 4% in September while Micron posted an 11-fold data center revenue increase and beat expectations. Kashkari stated inflation is still too high at around a 3% rate.
Citi and Coinbase launched a stablecoin integration that hides all crypto elements from business users. Bitcoin ETFs recorded modest inflows while Strategy added 1,665 BTC to reach record holdings.
SpaceX is seeking $40 billion in debt financing led by Apollo Global Management to buy Nvidia AI chips, with talks still early and a possible 2027 close. The move highlights the scale of capital required for AI infrastructure expansion across Musk's companies.
Elon Musk said on October 4 that SpaceXAI will be renamed SpaceXSI, adopting "SI" for super intelligence after President Trump's push to drop "AI."
