ACADIA Pharmaceuticals stock falls after negative EU regulatory vote on Rett drug

Investing.com -- Waymo has secured a landmark $16 billion investment, valuing the Alphabet Inc Class A (NASDAQ:GOOGL) subsidiary at $126 billion post-money. This significant funding round was spearheaded by prominent venture firms including Sequoia Capital, DST Global, and Dragoneer Investment Group.

The company is transitioning from a research-heavy enterprise into a dominant commercial entity within the global transportation sector. "This capital underscores that the age of autonomous mobility at scale has arrived, and Waymo is leading the way," the company stated in an official announcement on Monday.

The investment follows a year of rapid operational growth, during which the firm tripled its annual volume to 15 million rides. Waymo now provides over 400,000 weekly trips across six major U.S. metropolitan areas, signaling a shift toward widespread public adoption.

Safety metrics remain the cornerstone of the company’s pitch to both investors and skeptical regulators. Data from 127 million autonomous miles indicates a 90% reduction in serious injury crashes compared to human-operated vehicles.

Strategic expansion is the primary objective for this newly acquired capital as the company eyes international markets. Plans are currently underway to launch ride-hailing operations in 20 additional cities through 2026, including major hubs like London and Tokyo.

Financial backers view the company’s data advantage as a structural moat that competitors struggle to replicate. "Waymo has moved beyond research milestones to achieve operational excellence, tripling its weekly paid rides in just one year while maintaining customer delight," noted Konstantine Buhler, Partner at Sequoia.

The competitive landscape shows Waymo maintaining a substantial lead over rivals like Tesla Inc. and Amazon’s Zoox. While competitors remain in the trial stages, Waymo has successfully integrated its service into daily urban infrastructure via its own app and partnerships with Uber.

Investing.com -- Elon Musk's SpaceX has acquired his artificial intelligence company xAI, the companies confirmed in a letter published by SpaceX on Monday.

In the announcement, Musk outlined plans to create "the most ambitious, vertically-integrated innovation engine on (and off) Earth," combining AI, rockets, space-based internet, and communications technology.

The move also comes amid a widely-speculated potential public listing for the space company that may, according to numerous reports, value it at as much as $1.5 trillion.  

The acquisition aims to address what Musk describes as unsustainable terrestrial power demands for AI data centers. He proposes launching a constellation of satellites functioning as orbital data centers powered by solar energy.

"In the long term, space-based AI is obviously the only way to scale," Musk wrote in the letter. "My estimate is that within 2 to 3 years, the lowest cost way to generate AI compute will be in space."

The plan involves using SpaceX's Starship rocket to launch "millions of tons" of satellites annually. Each satellite would generate approximately 100 kW of computing power, potentially adding 100 gigawatts of AI computing capacity per year.

Now that the SpaceX-xAI merger has been confirmed, the market will likely set its eyes on Musk's eletric car company, Tesla, amid separate rumors late last week that the billionaire entrepreneur was also considering a potential merger between SpaceX and Tesla.

According to that a Bloomberg reprot that cited unnamed sources, such a deal could attract significant interest from infrastructure funds and Middle Eastern sovereign investors. Musk has not commented on the potential Tesla combination.

Investing.com -- Elon Musk is merging SpaceX with his artificial intelligence startup xAI, according to a Monday announcement from the company. The proposed transaction aims to consolidate the billionaire’s dual ambitions of dominating orbital infrastructure and generative intelligence under a single corporate umbrella.

The combined entity is expected to carry a valuation of $1.25 trillion, with shares priced at approximately $527 each, Bloomberg reported shortly ahead of the release. The news comes as SpaceX explores a historic initial public offering that could raise $50 billion.

The deal unifies two of the world’s most valuable private companies and formalizes the increasingly blurred lines between Musk’s ventures. In 2025, Musk merged xAI, his AI startup which operates the popular Grok chatbot, with X, the social media platform formerly known as Twitter that Musk bought in 2022. 

Filings from Friday reveal that SpaceX is seeking permission to launch one million satellites to support Musk’s previously reported vision of orbital data centers. This infrastructure would allow the combined company to bypass terrestrial energy constraints and provide the massive compute required for physical AI as another one of Musk’s companies, Tesla Inc (NASDAQ:TSLA), seeks to employ AI-embedded robots at a mass scale. 

"Current advances in AI are dependent on large terrestrial data centers, which require immense amounts of power and cooling. Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term, without imposing hardship on communities and the environment," Musk said in the announcement, before adding, "In the long term, space-based AI is obviously the only way to scale."

Investors have long speculated that Musk’s end goal could be a mass-merging of his companies, including Tesla, SpaceX, and xAI. Walter Isaacson, Musk’s biographer, predicted in May 2025 that Tesla and xAI would merge, as Musk’s physical AI ambitions require integrating real-world data from electric vehicles and robotics.

“I think it’s going to happen,” Isaacson said at the time, noting that Musk wants to combine data from chatbots with "all the videos from Teslas." He added that "He feels he has to [have] control in a company that’s doing [physical] AI,” highlighting the billionaire’s preference for centralized oversight.

Bloomberg previously reported SpaceX was in talks with Tesla over a potential merger, though it remains unclear whether or not discussions are paused amid the potential xAI merger and IPO plans.

Investing.com -- Axon Enterprise (NASDAQ:AXON) stock rose 4% after Department of Homeland Security Secretary Kristi Noem announced that federal agents will be equipped with body cameras in Minneapolis.

The maker of wearable video cameras for law enforcement saw its shares climb following Noem’s statement on social media platform X. "Effective immediately we are deploying body cameras to every officer in the field in Minneapolis," the DHS Secretary wrote.

While Noem did not specifically mention Axon in her announcement, the company is a leading manufacturer of body cameras used by law enforcement agencies across the United States. Axon’s primary products include the Axon Body camera systems and related digital evidence management solutions.

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