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Top 247wallst.com News

Elon Musk’s SpaceX to Acquire xAI, Creating World’s Most Valuable Private Company — REUTERS / Steve Nesius

Elon Musk · United States

Elon Musk’s SpaceX to Acquire xAI, Creating World’s Most Valuable Private Company

48% Center coverage: 210 sources

SpaceX has acquired xAI, the company announced on Monday, merging two of Elon Musk’s most ambitious companies. “This marks not just the next chapter, but the next book in SpaceX and xAI’s mission,” a statement on SpaceX’s website said. The merger could be seen as an indication of the cash xAI needs to compete in the fast-growing field of AI, as well as the technology’s importance in future of space exploration.See the Story

Disney names parks chief Josh D'Amaro as its next CEO — Ricardo Moreira/Getty Images for Disney via Getty Images

Disney · United States

Disney names parks chief Josh D'Amaro as its next CEO

53% Center coverage: 136 sources

The Walt Disney Co. announced Tuesday that theme parks chief Josh D’Amaro will succeed Bob Iger, the company’s longtime chief executive. The move effectively closes the curtains on one of the most closely watched succession sagas in corporate America. See the Story

PayPal replaces CEO Chriss with HP’s Lores — ERIC PIERMONT/AFP via Getty Images via Getty Images

PayPal · United States

PayPal replaces CEO Chriss with HP’s Lores

47% Center coverage: 30 sources

PayPal is replacing CEO Alex Chriss with Enrique Lores, saying that the pace of change and execution at the company has not met board expectations over the past two years.See the Story

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