Musk's SpaceX Merges with xAI, Gold Bounces Back | The Opening Trade 2/3/2026
Affected assets and topics
AnalystMarkets analysis
Why it matters
Elon Musk's SpaceX is merging with xAI in a $1.25 trillion deal, while Palantir Technologies shares rose on a strong revenue forecast and precious metals gold and silver rebounded after a historic collapse.
Expected market reaction
Market impact analysis based on bullish sentiment with 85% confidence.
Evidence trail
Evidence
AI provenance
Technical identifiers
- Provider tag
- groq-llama-3.1-8b-instant
- Analysis version
- groq-llama-3.1-8b-instant
- Article id
- 40855
Original source
Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world’s richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration. Elsewhere in technology, Palantir Technologies shares rose in afterhours trading on Tuesday after the data-analysis software company gave a revenue forecast that is much stronger than analysts expected. Precious metals gold and silver rebounded, after a historic collapse from all-time highs lured dip-buyers back to precious metals. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
Read the full article on Bloomberg
Original article published by Bloomberg on February 3, 2026. Analysis and insights provided by AnalystMarkets AI.