According to Bloomberg, the rush to finance AI data centers is creating a liquid secondary market for private credit loans. Meanwhile, the Delaware Supreme Court reinstated Elon Musk’s $140 billion Tesla pay package.
Lucid Group reported better-than-expected vehicle deliveries for Q4 and 2025, driven by its new, cheaper Gravity SUV. However, production more than doubled, far outpacing sales growth and highlighting persistent demand issues in the high-end EV market.
J.P. Morgan is creating a new advisory unit focused on its most important clients. The bank aims to provide deep expertise on trends like AI and geopolitics beyond just dealmaking.
Indonesia has charged ex-education minister and Gojek co-founder Nadiem Makarim with corruption. Prosecutors allege a Chromebook procurement scheme caused $125 million in state losses and improperly enriched him by $48 million. He faces up to 20 years in prison.
Saks Global is on the verge of bankruptcy, missing a $100 million debt payment. CEO Marc Metrick has resigned, replaced by executive chairman Richard Baker, who has a history of retail failures. The company’s troubles are mounting with unpaid vendors and an executive exodus.
Space Forge’s ForgeStar-1 satellite has successfully generated plasma in low Earth orbit, reaching 1,000°C. This industry-first test proves the extreme conditions needed for space-based semiconductor manufacturing are possible. The satellite will now burn up, but its tech paves the way for future fa
Peter Thiel’s investment firm has opened a new Miami office, solidifying his move to Florida. The announcement comes as California weighs a one-time 5% wealth tax on billionaires, which could generate $100 billion for the state but risks driving its wealthiest residents away.
Softbank has finalized its enormous $40 billion commitment to OpenAI. The final tranche of over $22 billion was sent last week, completing a deal first reported in February. This capital is set to fuel OpenAI’s ambitious infrastructure plans.
After a decade of losing ground to private credit firms, major US banks are staging a massive comeback. Fueled by a friendlier regulatory climate, they’re lending aggressively and their stocks are soaring, while their buy-side rivals face new headwinds.
Stowlog, a Castellón-based SaaS platform, has closed a €1 million investment round. The funding will fuel its mission to digitize safety and security processes in port logistics worldwide.
