SpaceX, led by Elon Musk, is reportedly preparing for a secondary share sale valuing the company at $800 billion, surpassing OpenAI's $500 billion valuation. This move cements SpaceX as the most valuable private company in the U.S. The valuation reflects its dominance in commercial space launches and the success of its Starlink satellite internet service, which serves millions globally. An IPO is targeted for late 2026, further solidifying its position as a dual-sector leader in defense and telecommunications.

The University of Michigan reported a slight rise in U.S. consumer sentiment to 53.3 in December from 51 in November, surpassing economist expectations of 52. However, sentiment remains significantly lower compared to a year ago. Expectations for year-ahead inflation improved, dipping to 4.1%, the lowest since January. Despite this, consumers continue to feel burdened by high prices, and overall economic views remain subdued.

U.S. consumer spending rose by 0.3% in September, showing signs of slowing momentum compared to previous months. The moderation in spending is attributed to a weak labor market, rising living costs, and reduced government assistance. Despite these challenges, overall economic growth remained robust, with GDP estimated to have grown at an annualized rate of 3.8% in Q3. Inflation stayed elevated, with the Federal Reserve's preferred PCE Price Index rising 2.8% year-over-year, potentially influencing upcoming interest rate decisions.

Netflix has announced a $72 billion acquisition of Warner Bros. Discovery's film and television studios, along with the HBO Max streaming platform. This landmark cash-and-stock deal, approved by both companies' boards, aims to bolster Netflix's content library with iconic franchises like "Harry Potter" and "Game of Thrones." Expected to close by 2026, the deal faces potential antitrust scrutiny but positions Netflix as an even stronger player in the streaming and entertainment landscape.