SpaceX Acquires xAI, Officers to Use Body Cams in Minneapolis, More
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What is the main topic discussed in this episode?
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News when you want it with Bloomberg News Now. I'm Doug Krisner. Elon Musk is planning to merge SpaceX with his artificial intelligence firm XAI. We were told the combined company is expected to have a valuation of one and a quarter trillion dollars. Here is Bloomberg's Ryan Gould.
Elon's view is that we're going to have data centers in space, and part of this is about putting compute and the idea of space exploration and sort of exploration of the universe together. This is clearly part of his vision. There is a very good quote that kind of encapsulates a lot of this, which is what he wrote, I think, late last year, which is that in some ways his companies, his three companies, Tesla, SpaceX, and XAI, are going to come together, they're going to converge. And maybe this is kind of the first leg of the stalwart that we're now seeing.
That is Bloomberg's Ryan Gould. Federal agents on the ground in Minneapolis will now wear body cameras. Homeland Security Secretary Kristi Noem said the program will be expanded nationwide as funding becomes available. Now, the use of body cameras by federal agents follows a national outcry over the killings of two U.S. citizens in Minneapolis. President Trump said he's OK with the move.
Well, it wasn't my decision. I leave it to her. They generally tend to be good for law enforcement because people can't lie about what's happening. So it's, generally speaking, I think 80% good for law enforcement. But if she wants to do that, I'm OK with it.
Now, the adoption of body cameras has the potential to ease the path on passage of a government funding deal. The adoption of body cameras has the potential to ease the path for passage on a government funding deal. The House of Representatives is back in session to begin consideration of a revised funding package passed by the Senate over the weekend. President Trump is pushing ultra conservatives in the House to accept a deal he struck with Democrats to end the partial government shutdown. Meantime, there is a bill to keep the government operating while allowing two more weeks of discussion for an agreement on restrictions for ICE. Another sticking point is the Safeguard American Voter Eligibility Act.
This would require proof of U.S. citizenship when people register to vote in federal elections. Here is House Speaker Mike Johnson.
Republicans are serious about governing, and we'll demonstrate that, and we'll push forward our priorities on the integrity of elections.
What are the implications of SpaceX acquiring xAI?
So we can do all that simultaneously, and we will, but we're going to get this job done, get the government reopened. Democrats are going to play games, and the American people can see who really cares about getting the job done.
That is House Speaker Mike Johnson. Bill and Hillary Clinton have agreed to testify in a House Oversight Committee's investigation into Jeffrey Epstein. A spokesperson for the Clintons said they will appear after months of refusing to comply with subpoenas from the House Oversight Committee. This comes just days before the chamber was expected to vote to hold the Clintons in contempt of Congress. We move to business news next. After the bell, Palantir Technologies reported fourth quarter revenue grew 70% to $1.41 billion. The company is also forecasting revenue for fiscal 2026 significantly above Wall Street expectations. And we got reaction from Gil Luria of D.A. Davidson.
They exceeded very high expectations. Their growth accelerated from more than 60% to more than 70%.
How will the merger of SpaceX and xAI affect the future of space exploration?
There's no other software company even close. If you look at software companies 2 through 10, they're happy to grow somewhere between 20 and 30%, and they're usually decelerating.
That is Gil Luria from DA Davidson.
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–2:51
2
What are the implications of SpaceX acquiring xAI?
2:51–3:49
3
How will the merger of SpaceX and xAI affect the future of space exploration?
3:49–6:00
4
What new policies are being implemented for federal agents in Minneapolis?
6:00–6:58
5
Why are body cameras being adopted for federal agents?
6:58–7:59
Speakers
9 identifiedMore from Bloomberg News Now
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