SpaceX, the aerospace company founded by Elon Musk, is projected to generate approximately $15.5 billion in revenue this year, signaling its increasing dominance within the commercial space sector. This revenue forecast, disclosed by Musk on Tuesday via his X social media post, notably exceeds NASA’s annual budget for commercial space operations, which stands near $1.1 billion.

Mattel Inc. $MAT, the global toy manufacturer, has announced the unification of its film and television production arms under a newly branded division: Mattel Studios. The strategic move comes as the company seeks to capitalize on the cross-media potential of its iconic intellectual property (IP), following the box office success of Barbie (2023), and aims to diversify its USD-denominated revenue streams through entertainment content.