Goldman Sachs · Companies

Deals

SpaceX and Tesla boards weigh a $3.5 trillion merger over xAI's $40 billion GPU lease

SpaceX marked Elon Musk's AI lab at $250 billion, spent $12.7 billion building its compute last year, and just locked $40 billion of GPU leases while burning cash. Two special committees now weigh a roughly $3.5 trillion merger, and the real question is whose shareholders carry the losses.

October 28, 2026 · 3 min read

Economy

Apollo Global Management's economist grades AI zero outside tech; Apollo is named in Nvidia's $500 billion

Apollo chief economist Torsten Slok says AI has delivered zero financial payoff to corporate America outside tech. His firm is named among six financiers arranging more than $500 billion for Nvidia's buildout, against $466 billion of AI debt issued this year.

October 25, 2026 · 3 min read

Applications

Goldman Sachs is short DocuSign, growing 9% a year near 42 times earnings; December 3 earnings settle it

Goldman's new Anti-AI Replacement basket shorts DocuSign as seat-priced software agents will rebuild; DocuSign prices its growth engine per agreement and opens its platform to every agent. The December 3 earnings print shows which of them is right.

October 25, 2026 · 3 min read

Goldman SachsGS

Market snapshot

Latest on Goldman Sachs

Arbs earn about 3% a year to wait out Proofpoint's $6.3 billion Varonis buyout

SpaceX and Tesla boards weigh a $3.5 trillion merger over xAI's $40 billion GPU lease

Apollo Global Management's economist grades AI zero outside tech; Apollo is named in Nvidia's $500 billion

Goldman Sachs is short DocuSign, growing 9% a year near 42 times earnings; December 3 earnings settle it

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