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NYSE:RDWR 3 February 2026

SpaceX buys Musk’s xAI in record $1.25 trillion deal as space stocks jump premarket

SpaceX buys Musk’s xAI in record $1.25 trillion deal as space stocks jump premarket

SpaceX acquired xAI, valuing the combined company at $1.25 trillion, according to sources. U.S.-listed space stocks rose in premarket trading after the news. xAI investors will receive 0.1433 SpaceX shares per xAI share, with some executives able to cash out at $75.46 per share. Attention has shifted to the timing of SpaceX’s IPO, which could come as soon as June.
3 February 2026
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Stock Market Today

  • Academy Sports Reports Q4 Sales Miss, Full-Year Guidance Below Estimates
    March 17, 2026, 9:11 AM EDT. Academy Sports & Outdoor (NASDAQ:ASO) reported Q4 revenue of $1.72 billion, a 2.5% YoY increase but missed analyst estimates by 2.2%. Its adjusted EPS of $1.97 also fell 4% short of expectations. The retailer's full-year 2025 revenue guidance midpoint of $6.27 billion came in 3% below forecasts. Despite a 9.9% operating margin in line with last year, same-store sales declined 1.6%. CEO Steve Lawrence highlighted foundational improvements driving sales growth and market share gains in 2025. Analysts anticipate 7.1% revenue growth over the next 12 months, signaling optimism for newer product lines. Academy Sports, with a $3.77 billion market cap and 322 stores, faces challenges amid competitive pressures impacting established locations.
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