PayPal (NASDAQ:PYPL) shares are falling 18% in morning trading today after the company reported fourth-quarter earnings that missed expectations. Adjusted earnings came in at $1.23 per share, below the $1.

The electric vehicle maker’s fourth-quarter sales and profit dropped, but the company still beat Wall Street’s expectations.

The companies led by Elon Musk have increasingly become intertwined, long before Tesla's $2 billion investment in xAI or SpaceX's xAI deal.

IPOs. Elon Musk’s SpaceX is planning an IPO that could value the company at more than $1.5 trillion and potentially raise more than $100 billion in capital. And the Journal also now reports Amazon is in talks with OpenAI to invest $50 billion,

Musk is combining rocket maker SpaceX with his AI startup, the largest tie-up in his expansive business portfolio.