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SpaceX Reports Nearly $5 Billion Loss in 2025, The Information Says

Key Points: SpaceX reportedly incurred a loss of nearly $5 billion in 2025. The reported loss includes Musk's AI startup, xAI, acquired by SpaceX. SpaceX, the world's most active launch company, plans interplanetary travel and orbital AI data centers. The company is seeking a public listing with a potential valuation over $1.75 trillion. Elon Musk's SpaceX, which is preparing for an initial public offering (IPO),...

Oil Prices Rise Amid Saudi Production Cuts, Geopolitical Tensions

Key Points: Oil prices rose after Saudi Arabia reported reduced production capacity due to attacks. Saudi Arabia's capacity is down by 600,000 barrels/day, affecting crude exports. The Strait of Hormuz remains a critical point of tension, affecting global oil flows. US and Japan are tapping reserves to counter supply disruptions and rising costs. Oil prices increased for a second day after Saudi Arabia announced a...

Alibaba Pours $290 Million Into AI Startup Building Real-World Models

Key Points: Alibaba Cloud led a 2 billion yuan ($290 million) funding round for artificial intelligence startup ShengShu. Technology companies are shifting focus from text-heavy language models to video-based world models. ShengShu plans to use the money to build systems that connect digital spaces with physical robots. Alibaba recently invested $50 million in Tripo AI and $60 million in PixVerse to back similar technology. Alibaba...