Economy

Fed vs. inflation
Trump: Warsh tops my list of Fed candidates

Donald Trump is leaning towards appointing either his economic advisor Kevin Hassett or former Fed Governor Kevin Warsh as the new Federal Reserve chairman, he tells the Wall Street Journal.

At the very top of the president's list at the moment is Warsh.

- Yes, I think so. I think you have Kevin and Kevin [...] I think the two Kevins are fantastic, he says in the interview in the Oval Office.

Trump also says that Kevin Warsh agreed during his interview with Trump that interest rates should be lowered. The president adds that the next Fed chairman should consult him on the interest rate level.

Evaluators and betting companies have pointed to Hassett as the favorite to take over when Jerome Powell's mandate expires in May.

The new space race
Space X valued at 800 billion – overtaking Open AI

Elon Musk's space company SpaceX gives the green light to an internal share sale that values ​​the rocket and satellite manufacturer at nearly 800 billion dollars, while the company prepares for a stock market listing in 2026, reports Bloomberg.

In an internal message seen by the news agency, SpaceX states that the company is preparing for a potential stock market listing next year. This is to finance a "huge air force" for the Starship rocket, data centers for AI in space and a base on the moon.

The price in the internal sale ends at 421 dollars per share, according to an internal memo from CFO Bret Johnsen. That's almost double the price last summer, when the price was $212 per share, giving SpaceX a valuation of $400 billion.

SpaceX thus overtakes Sam Altman's OpenAI as the world's most valuable unlisted company.

It is still unclear when during the year an IPO could happen, and the company could also choose not to proceed with the plans, Johnsen writes further.