latest news in companies
SpaceX Files for Approval to Launch One Million Orbital AI Data Centers
Washington D.C., Sunday, 1 February 2026.
On January 31, 2026, SpaceX submitted a filing to the FCC seeking authorization for a constellation of one million solar-powered satellites designed to function as orbital data centers. This massive infrastructure project aims to address the escalating energy demands of artificial intelligence by shifting processing power off-planet. In a visionary statement, the company described the initiative as a step toward a ‘Kardashev II-level civilization,’ leveraging solar energy in space to reduce the strain on terrestrial power grids while dramatically expanding beyond the scope of the current Starlink network.
Dow Announces Restructuring and Job Cuts as Boeing Revenues Surge in Mixed Industrial Earnings
New York, Saturday, 31 January 2026.
The fourth-quarter earnings season underscores a divergent recovery within the industrial sector, as Dow Inc. and Boeing grapple with distinct operational realities. Dow reported a loss of $0.34 per share amid a 9% sales decline, necessitating a strategic pivot; the company announced its “Transform to Outperform” initiative, cutting approximately 4,500 jobs to target $2 billion in earnings improvements. Conversely, Boeing demonstrated a strong topline recovery with revenue jumping 57% to $23.9 billion, supported by the delivery of 160 commercial jets—its highest quarterly figure since 2018. Despite Boeing’s return to positive cash flow and a headline earnings beat driven by divestitures, both stocks faced selling pressure. This market reaction highlights investor caution regarding Dow’s challenging demand environment and the capital-intensive hurdles Boeing faces with defense program losses and the integration of Spirit AeroSystems heading into 2026.
Tesla Replaces Legacy EV Production With Robots and a $2 Billion AI Bet
Austin, Saturday, 31 January 2026.
Tesla marks a historic shift by sunsetting Model S and X production to prioritize Optimus robots and a $2 billion xAI investment, despite Wall Street’s concerns over declining revenue and unproven AI profitability.
Microsoft Sheds $357 Billion as Investors Question AI Costs and Cloud Growth
Redmond, Friday, 30 January 2026.
On Thursday, Microsoft experienced its sharpest sell-off since March 2020, erasing approximately $357 billion in market value. Despite reporting a 17% revenue increase to $81.3 billion and beating earnings estimates, investors punished the tech giant over slowing growth in its Azure cloud division. Crucially, CFO Amy Hood attributed the Azure miss—39% growth versus the 39.4% consensus—to infrastructure capacity constraints rather than a lack of demand. However, Wall Street’s anxiety is mounting over the sheer scale of capital expenditure, which reached $37.5 billion this quarter, and the company’s significant exposure to OpenAI. While analysts at Bernstein remain bullish on the long-term strategy, this massive correction signals a shift in market sentiment, where massive AI spending is now facing intense scrutiny regarding immediate returns on investment.
Moderna Taps Oncology Veteran Dr. David Berman to Lead Clinical Pipeline Development
Cambridge, Friday, 30 January 2026.
Immunotherapy veteran Dr. David Berman joins Moderna as Chief Development Officer, leveraging his history of leading the first T-cell receptor drug approval to accelerate the firm’s oncology and mRNA pipeline.
Saks Global Pivots to Luxury by Closing Majority of Off-Price Locations
New York, Friday, 30 January 2026.
In a decisive strategic pivot, Saks Global will shutter 62 off-price locations, effectively abandoning the discount sector to concentrate capital exclusively on its core full-price luxury business.
