SpaceX is on the verge of going where no initial public offering has ever gone before.

The company, created and led by Elon Musk, is targeting a stratospheric valuation of $1.75 trillion on the Nasdaq Stock Market. SpaceX may be fast-tracked into broadly held indexes like the Nasdaq 100 and S&P 500 at light speed.

As market watchers and investors prepare and strategize the best ways to play the IPO, one way to get involved will be to buy the S&P Sector and Industry Indexes where SpaceX will eventually reside.

When a company goes public, as SpaceX is likely to do in the coming weeks, two financial data companies, S&P Global and MSCI, determine which sector and industry indexes are the right fit. Because SpaceX is involved in so many areas of the economy – everything from space rockets, to satellite internet, to data centers and artificial intelligence agent Grok, to name a few – placement may be more complicated in this case.

Here’s how it works.

First a newly listed company is put into one of the 163 “sub-industries.” From there, it’s whittled down to one of 74 “industries,” and then again to one of 25 “industry groups” before being assigned to one of the 11 S&P Sectors. Those sectors include information technology, communications, industrials, real estate, materials, health care, consumer staples, consumer discretionary, financials, utilities, or energy.

MSCI and S&P look at four tiers when deciding on sector placement.

The first thing MSCI and S&P consider is which parts of a company create the most revenue. SpaceX’s S1 filing released last week says, “Our Space and Connectivity segments contributed the substantial majority of our consolidated revenue in the three months ended March 31, 2026 and the year ended December 31, 2025, demonstrating the benefits of their scale and operating leverage in our vertically integrated business model.”

The “space” part of the equation is the rocket launches and space missions. SpaceX’s filing says, “We generate Space revenue primarily through launch and mission services of Falcon 9, Falcon Heavy, and Dragon provided to commercial and government customers.”

When SpaceX talks about connectivity, it means Starlink, which supplies customers with high-speed internet service all over the world. That part of the business brought in more than $11 billion in revenue in 2025.

The space business was responsible for about $4 billion in revenue last year. Another part of SpaceX’s business is xAI, which includes Musk’s artificial intelligence platform known as Grok. The S1 filing shows the AI business brought in $3.2 billion in 2025. xAI also derives revenue from data centers in Memphis, Tennessee, and…

From the Dayton, Ohio, suburbs to boardrooms in Dallas, the employees fueling AT&T’s next wave of growth aren’t fresh-faced college graduates with expensive four-year degrees. They’re skilled, blue-collar workers ready to get their hands dirty — and AT&T can’t find enough of them. 

“We need people who know how to actually work with electricity. We need people who understand photonics. We need people who can go into folks’ homes and connect this infrastructure to make it work right,” AT&T CEO John Stankey told CNBC during a recent interview from the company’s Dallas headquarters.

“We find that we’ve got to go out and find them, train them, and incent them to come in,” he said. “It’s not like we’re growing them on trees in the United States.”

AT&T’s dilemma — hunting for blue-collar workers at a time when a record number of college students are projected to graduate this spring — underscores the palpable crisis facing new degree holders as the first wave of the AI revolution hits the U.S. economy. 

For much of the postwar era, the American bargain was clear: Go to college, get a degree and claim your place in the middle class. As factories gave way to offices and the U.S. economy increasingly rewarded credentials over physical labor, a four-year diploma became one of the clearest symbols of upward mobility. But as AI spreads across corporate America and begins to absorb the entry-level work that once gave graduates their start, that promise is beginning to fracture.

While the rapid spread of AI has not yet led to broad layoffs and empty offices, many new graduates, especially those in AI-exposed industries, are learning their degrees may no longer guarantee the opportunities they once did. 

Meanwhile, as AI implementation spreads and CEOs find they can do more with less labor, hiring is slowing. The downturn has hit hardest the workers with little real-world experience and those in industries expected to be most vulnerable to AI replacement, such as marketing, legal, accounting, human resources and IT.

If the trend continues, AI could reorder the U.S. workforce and global economy, redrawing the map of opportunity in ways that even some leading economists and technologists say they are only beginning to understand.

“Is the American Dream going away because of AI?… I think the fears are all very valid,” said May Hu, a 26-year-old tech consultant turned social media influencer who said she was laid off from Deloitte last year for what she described as nonperformance reasons. “I pursued college because… I think [for] most people who want to be working professionals … college is the route,” she continued. “That’s starting to change now.”

Like any technological revolution, the AI boom is expected to create new types of work. But, in a cruel twist for college graduates, many of those jobs will be

The House and Senate on Friday approved a short-term extensive of a section of federal law that allows the warrantless surveillance and collection of foreign intelligence, though a renewal beyond the end of this month remains in jeopardy.

Section 702 of the Foreign Intelligence Surveillance Act of 1978 was set to expire on Monday and allows the government to collect the communications of people outside the U.S., including when they are interacting with Americans. Friday’s votes extend the program to April 30.

The short-term extension advanced out of the House only after GOP hard-liners spiked separate five-year and 18-moth proposals to extend the program in the early hours of Friday morning.

Why is Section 702 controversial?

Supporters argue the warrantless surveillance program is an invaluable tool in protecting U.S. interests and thwarting potential threats. The CIA said this month that the program helped to thwart a planned terrorist attack at a 2024 Taylor Swift concert in Austria.

But an extension without changes to the program is widely opposed by many GOP hard-liners and by some Democrats, like Sen. Ron Wyden, D-Ore., who briefly held up the short-term extension on Friday but relented in the hopes of striking a deal to more substantially change the surveillance program.

“Americans understand that every single day there are abuses of the Foreign Intelligence Surveillance Act,” Wyden said from the Senate floor on Friday, calling a straight extension unacceptable. “So it is clear it’s time for real reforms to protect Americans from a government that they rightly do not trust.”

What does the White House say?

President Donald Trump has called for a clean, 18-month extension of the program, posting his support on Truth Social on Wednesday and citing the need for robust defenses particularly amid the ongoing war in Iran.

“The fact is, whether you like FISA or not, it is extremely important to our Military. I have spoken to many Generals about this, and they consider it vital. Not one said, even tacitly, that they can do without it — especially right now with our brilliant Military Operation in Iran,” Trump said.

What’s next?

The House and Senate both left town on Friday after advancing the short-term extension. Leaders in both chambers will have to resume negotiations when they return to Washington next week. And they’ll have to contend with members on both sides of the aisle who are calling for greater protections of U.S. citizens’ privacy.

Reps. Jim Himes, D-Conn., Jamie Raskin, D-Md., and Jim McGovern, D-Mass., the top Democrats on the House Intelligence, Judiciary and Rules committees, respectively, issued a joint statement on Friday slamming their Republican colleagues for trying to…

On Jim Continenza’s first day on the job as Eastman Kodak executive chairman in 2019, he got a call from a star Hollywood filmmaker telling him the company was making a big mistake.

The photography technology company was in the process of shutting down its acetate factory, which makes one of the key ingredients used in film. Christopher Nolan, the director behind major movies like “Inception” and “Oppenheimer,” urged Continenza to stop the process.

“He goes, ‘Do not turn this off. Please take a look.’ And I did,” Continenza, now CEO, told CNBC. “He was right. I started looking at it because I shoot 35 millimeter [film], and I’m like, ‘Why would one of the greatest directors of all time even have this conversation?'”

Continenza, a self-proclaimed “turnaround specialist,” said he quickly realized how central film was to Kodak’s roots, and how it could be one of its biggest strengths as he fought to bring the company back from teetering on the edge of bankruptcy.

Fast forward roughly seven years, and multiple 2026 Oscar-winning movies, including “One Battle After Another” and “Sinners,” were shot on Kodak film. It’s part of a bigger trend as the category sees a resurgence fueled by both a nostalgia for film in Hollywood and by younger consumers.

That road wasn’t smooth, though. The company declared bankruptcy in 2012 and reemerged a year later. Then it cautioned last year that its financial conditions “raise substantial doubt about Kodak’s ability to continue as a going concern.”

In the second-quarter earnings where it made that going concern statement, Kodak posted a 12% decrease in gross profit, with millions in debt obligations.

But Continenza said it was one step in a longer process toward rebuilding the company to its former success.

Last month, the company’s earnings report looked different. Its fourth-quarter gross profit reached $67 million, a 31% increase from the year prior. Kodak also said it had reduced its annual interest expense by roughly $40 million.

Continenza said at the time that the results were signs of the long-term plan he began executing in 2019. He told CNBC that he chose Kodak as his final company to revive before closing his chapter as a C-suite executive, having previously served in leadership roles at communication companies including AT&T and Lucent.

“Here’s what our goal is: We’re going to create jobs for the next generation. Make no mistake, we’re going to fix this company and put it on a stable foundation and put building blocks to grow all the systems,” Continenza said. “We didn’t put in what we need, we put in what we want, and that’s a difference.”

Paramount+ and HBO Max will be combined into one streaming service if regulators approve Paramount Skydance’s acquisition of Warner Bros. Discovery, Paramount CEO David Ellison said on a conference call Monday.

A combined service would have about 200 million subscribers given existing totals, Ellison said during his company’s investor call about the WBD transaction. Paramount and Warner Bros. Discovery said last week they had struck an agreement to sell WBD for $31 per share after Netflix backed out of the prolonged bidding war.

Paramount executives didn’t offer any details Monday on how the company may price a combined service or what it would be called. Still, Ellison said he wouldn’t disrupt the HBO brand.

“HBO should stay HBO,” he said, citing its long history of quality programming.

HBO is likely to be a sub-brand within the larger service, according to a person familiar with Paramount’s plans. HBO is currently run by Casey Bloys, whose contract runs out in 2027, another person said. Bloys declined to comment.

Paramount also touted the strength of its sports offering on a combined service, bringing together TNT Sports with CBS Sports.

Paramount executives said they haven’t heard anything from regulators to signal that the breadth of their sports offerings — which would include March Madness, NFL, MLB, NHL, Nascar, French Open, The Masters, college football and more — would trigger any antitrust concerns.

After AT&T acquired Time Warner in 2018, renaming it WarnerMedia, executives launched HBO Max in 2020 in an attempt to add heft and more subscribers.

Three years later, after AT&T divested WarnerMedia and merged it with Discovery, Warner Bros. Discovery CEO David Zaslav renamed the service Max to showcase the addition of Discovery’s programming to the service.

That decision was reversed last year, when Zaslav and Bloys decided to revert back to the HBO Max name to highlight the strength of HBO’s programming.

A day after Paramount Skydance emerged as the winner to take over fellow media giant Warner Bros. Discovery, questions are mounting about the companies’ regulatory path forward.

The WBD board said on Thursday that Paramount’s revised $31-per-share offer was superior to an existing bid from Netflix, prompting the streamer to announce that it was walking away from the deal entirely and clearing the way for Paramount.

Paramount’s raised offer — up from $30 per share — was the latest in a series of moves it made after it launched a hostile bid late last year to buy WBD. It had initially lost out on a bidding war to Netflix, which offered $27.75 per share.

Paramount’s latest bid also included a $7 billion breakup fee if the deal doesn’t win regulatory approval. And according to a Friday filing, it has already paid the $2.8 billion breakup fee that WBD owed to Netflix if the deal fell through.

But media industry experts said it’s looking more likely that the Paramount deal will get through government scrutiny than it did when Netflix was in the picture.

Though Netflix executives had said they were “highly confident” that their deal would win approval, the merger would have brought together two top streaming services — Netflix and Paramount+ — and could have potentially raised prices for consumers and decreased competition.

In early December, Trump said the Netflix-WBD deal “could be a problem” because of the increased market share Netflix would gain, saying he would be involved. He walked back those comments earlier this month, saying the deal would be at the sole discretion of the Department of Justice.

And while the size of a combined Netflix and WBD entity was one of the companies’ largest antitrust obstacles, that issue could still be raised for Paramount.

Both Paramount and WBD have sprawling portfolios of TV networks, in addition to Paramount+ hitting 78.9 million subscribers, according to its most recent earnings report, and HBO Max counting 131.6 million subscribers through the end of 2025.

Paramount executives argued one of the pros of their offer was that a deal with the media company would garner less government scrutiny. Paramount Skydance CEO David Ellison’s father, Oracle co-founder Larry Ellison, is known to have close relations with President Donald Trump.

Trump’s son-in-law, Jared Kushner, is backing the Paramount deal, according to a filing with the Securities and Exchange Commission.

Still, Paramount’s proposed deal had come under criticism for potentially being funded by the sovereign wealth funds of Saudi Arabia; Abu Dhabi, United Arab Emirates; and Qatar. The company has previously said that those entities have agreed to…

Samsung on Wednesday unveiled the Galaxy S26 series, its latest flagship smartphone lineup that puts Alphabet‘s Gemini artificial intelligence front and center.

It gives the search giant’s AI technology a major mobile foothold just before it’s expected to power a revamped Siri on Apple‘s iPhones.

The S26 is notable for the sheer number of AI systems packed into a single device.

Samsung is melding together three separate AI engines: Google’s Gemini for agentic tasks like booking rides and acting across apps, Perplexity for web-based queries, and an upgraded version of Samsung’s own Bixby as the on-device assistant powered by a more capable in-house large language model.

It’s a multi-agent approach that reflects just how central the AI arms race has become to selling smartphones — and how aggressively Samsung is hedging its bets across providers rather than relying on any single one.

Still, the deepest of those partnerships is with Google.

Samsung was the first phone maker to ship Gemini when it launched the Galaxy S24 in January 2024. It deepened the integration with the S25 a year later, making Gemini accessible with a long-press of the side button. Now with the S26, Gemini can do something it couldn’t before: Take autonomous action inside third-party apps, not just Samsung’s own.

The relationship hasn’t always been smooth as Samsung spent years pushing its own Tizen operating system and Bixby assistant in an effort to carve out independence from Google’s ecosystem. But in the AI era, the two companies have locked arms more tightly than ever, even as Samsung simultaneously courts Perplexity to diversify its options.

The result is that Samsung has become the single most important distribution channel for Google’s consumer AI — and one that Apple, despite its own billion-dollar Gemini deal, can’t yet match.

Apple had targeted an iOS 26.4 update in March or April for the initial rollout, but Bloomberg reported earlier this month that some features are now being pushed to May or even September.

Samsung’s S26, available for pre-order now with general availability on March 11, means Gemini’s most advanced agentic capabilities will reach consumers first through Samsung handsets.

Apple commands roughly 25% of the global active smartphone installed base to Samsung’s 18%, according to Counterpoint Research, and iPhone users tend to spend significantly more on apps and services.

The Apple deal is the bigger prize, but Samsung is where Google gets to prove its AI works in the real world right now — a live showcase for the technology that will eventually underpin Siri’s comeback.