SpaceX confirmed the acquisition of xAI on Monday via a memo from Elon Musk posted on the company website. The move consolidates rockets, satellites, and AI, with Musk outlining space-based power and orbital data centers to meet rising compute needs. For investors, pre-IPO access remains limited, with SPVs and select public funds offering indirect exposure.

OpenAI began searching in 2025 for alternatives to Nvidia's inference hardware after internal teams flagged speed constraints in code generation and software-to-software tasks. The company has since signed a deal with Cerebras and is evaluating AMD GPUs to potentially handle about 10% of future inference demand, while talks with Groq ended following a $20 billion Nvidia licensing agreement. A separate plan for Nvidia to invest up to $100 billion in OpenAI remains unresolved, even as both firms publicly emphasize that Nvidia still powers most of OpenAI's inference fleet.

Palantir reported fourth-quarter 2025 earnings of $0.25 per share on $1.41 billion in revenue, exceeding forecasts of $0.23 EPS and $1.33 billion in sales and marking a strong beat versus Wall Street expectations. The company's Q4 revenue rose to $1.41 billion from $827.5 million a year earlier, with full-year 2025 revenue at $4.48 billion, and it raised its 2026 guidance to more than $7.18 billion. U.S. government and commercial revenue reached $570 million and $507 million respectively, while CEO Alex Karp highlighted surging AI demand and announced a partnership with Nvidia amid stock volatility and public scrutiny over government contracts.

Donald Trump said the U.S. will reduce tariffs on Indian exports to 18% from 25% after a call with Narendra Modi, and wrote the change is "effective immediately." He tied the move to India cutting purchases of Russian oil, and claimed India would buy up to $500bn in U.S. goods, a figure analysts dispute.

Venezuelan crypto app Kontigo, founded in 2023 by Jesus Castillo, is facing scrutiny over alleged use of stablecoins to move oil revenues under U.S. sanctions. The company raised more than $20 million in December and operated in Venezuela under a Sunacrip license tied to Oha Technology. After reports linked Kontigo to sanctioned oil flows and alleged political connections, major partners including JPMorgan and Stripe cut services, and on January 12 Castillo released a video denying political ties while addressing a recent hack that affected 1,005 users.

On February 2 2026, Trump outlined a $12 billion initiative called Project Vault to create a national civilian mineral stockpile aimed at reducing U.S. dependence on Chinese rare earths and other key materials. The structure combines a $10 billion, 15-year loan from the U.S. Export-Import Bank with $1.67 billion in private capital, giving manufacturers such as GM, Boeing, Google, Stellantis and others paid access to stored resources they must later replenish.

Updated on February 2, 2026, Bitcoin fell beneath Strategy Inc's $76,037 average purchase level, intensifying pressure on the firm's accumulation play. MSTR is down nearly 70% from its peak, and with equity now tracking the value of its 712,000 BTC, issuing new shares would be highly dilutive.

On February 2 2026, metals traders across China were reported to be facing losses of at least 1 billion yuan, or $144 million, after key counterparty Xu Maohua disappeared and left a chain of contracts unsettled. SDIC Commodities Co. has become a central party in the dispute, with lawsuits exceeding 400 million yuan and a Tianjin court freezing 3,150 tons of refined copper as legal battles unfold. Regulators have tightened scrutiny of circular trading and side businesses, while past metals scandals and a sharp move in silver prices have renewed concerns about risk in the broader commodities market.

On February 2, 2026, Kevin Warsh, selected by President Donald Trump to lead the Federal Reserve, faced scrutiny over how he will manage the Fed's $6.6 trillion balance sheet. He favors reducing holdings, while Trump in January directed Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities to lower borrowing costs.