latest news in companies
SpaceX Earns First Public Profit as Artificial Intelligence Revenue Beats Satellite Services
Hawthorne, Wednesday, 21 October 2026.
SpaceX reported a $4.4 billion third-quarter profit as AI segment revenue nearly tripled to $7.56 billion, officially outpacing Starlink connectivity sales to drive total revenues up 161% year-over-year.
Revolve Renewable Power Expands Clean Energy Portfolio Despite Fiscal Losses
Vancouver, Wednesday, 21 October 2026.
Revolve Renewable Power reported its fiscal 2026 results, achieving a 7% increase in recurring revenues while securing over $35 million in fresh financing to expand North American clean energy operations.
Elon Musk Shifts Strategy to Build Massive Chip Factory After Industry Rejections
Austin, Tuesday, 20 October 2026.
After Intel, TSMC, and Micron rejected direct buyout offers, Elon Musk pivoted to building a $16.8 billion Texas chip plant using strategic partnerships to drive his artificial intelligence ambitions.
Super Micro Computer Secures Massive AI Orders but Trades at a Surprising Discount
San Jose, Tuesday, 20 October 2026.
Despite securing over $60 billion in server orders, Super Micro Computer trades at a steep discount due to legal and export control concerns, creating a sharp divide among investors.
Federal Aviation Administration Certifies Long-Delayed Boeing Jet
Washington, Tuesday, 20 October 2026.
The Federal Aviation Administration officially approved Boeing’s 737 MAX 10 for commercial service on Tuesday, unlocking over 1,500 pending orders and marking a key step in the manufacturer’s recovery.
Toei Animation and Sony Partner to Open First Official One Piece Store in North America
Los Angeles, Tuesday, 20 October 2026.
Toei Animation and Sony Group will open the first U.S. One Piece Mugiwara Store in Los Angeles on November 6, 2026, featuring exclusive merchandise and interactive customer experiences.
Early Investment in Artificial Intelligence Startup Prepares Former Google Chief for Multi-Billion-Dollar Payout
San Francisco, Tuesday, 20 October 2026.
Former Google chief Eric Schmidt’s early investment in artificial intelligence developer Anthropic could yield up to $20 billion as the company prepares for a record-breaking public listing.