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Microsoft hasn’t ruled out spinning off Xbox

13 June 2026 at 17:29
Asha Sharma on a background of green Xbox logos.
Asha Sharma. | Image: The Verge, Microsoft

Microsoft is preparing to lay off a significant chunk of its Xbox division and is reevaluating the plans for its next-generation Project Helix console. It's apparently also considering dramatically restructuring its relationship with Xbox, and hasn't ruled out spinning it off into a separate company.

A new report from The Information suggests that Microsoft has considered some dramatic measures to make its Xbox unit more sustainable. That includes turning it into a wholly owned subsidiary, a joint venture, or even spinning it off entirely, with the possibility of selling the business. The report doesn't suggest anything is imminent, but it …

Read the full story at The Verge.

SpaceX is now a public company valued for its AI potential, so what comes next?

12 June 2026 at 23:20

Space Exploration Technologies, better known simply as SpaceX, became a publicly traded company on Friday nearly a quarter of a century after it was founded.

The company began trading on the NASDAQ exchange in New York City at $135 a share, valuing SpaceX at nearly $1.8 trillion. By the end of the trading day the company's shares were selling at $160.95, a respectable increase of more than 19 percent.

On paper, SpaceX founder Elon Musk became the world's first trillionaire, with his personal stake in the company valued at more than $700 billion. Because of the company's stock options plan, thousands of current and former employees became overnight millionaires. Employees at SpaceX have worked remarkably hard over the last 24 years, and now they will be richly compensated for having done so.

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