A combination of SpaceX and Tesla would boost Elon Musk’s net worth by roughly $70 billion, though that’s a pittance for the world’s richest man.

Musk disclosed on SpaceX’s earnings call this week that the firms are exploring a merger—which would unlock millions of restricted Tesla shares that would have otherwise not vested until 2028. But the deal would, on its surface, also require Musk to forgo his infamous (and unlikely) Tesla CEO pay package that had been valued at up to $1 trillion.

But he could likely negotiate a new compensation package, and perhaps most importantly, the acquisition would likely help him increase his control over Tesla.

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Elon Musk invested around $1 billion in Skydance as the entertainment conglomerate faces roughly $80 billion in debt following its acquisition of Warner Bros. Discovery.

Moderna’s stock tanked 18% Thursday following an early leak of Phase 3 clinical trial data for its experimental cancer vaccine.

Where markets closed (10/22): Investors’ heightened anxiety about AI spending sent stocks downward, with the Nasdaq down 2.6%, the S&P 500 shedding 1.2% and the Dow Jones Industrial Average largely flat. The six wealthiest people in the world lost $130 billion as a result of the selloff.

In the popular documentary “You Can See Everything,” Elizabeth Holmes says she “never lied” about her company Theranos—but we dug into our archives, and found that she did just that in an interview at the Forbes Healthcare Summit in 2015. Holmes told Forbes that her company’s blood tests were profitable, but testimony would later reveal that Theranos burned through tens of millions a year going back to its founding in 2003, and did not turn a profit in 2015.

MORE: Holmes got more than 11 years in prison for selling investors on a blood test that didn’t work, and now her partner........

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