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Jun 30, 2026
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Comcast Corp. is splitting into two companies, spinning off its NBCUniversal and European Sky operations into a separate company from the core cable TV-broadband business, the company announced Monday. The split comes as Comcast stock is trading at its lowest point since 2014 and as merger activity in the film and TV market has intensified. Comcast stock jumped 22% in pre-market trading in response to the news. Word of the split comes just six months after Comcast spun off its cable channels, housed in NBCUniversal, into a company called Versant. The two restructurings return Comcast to its position before its 2011 acquisition of NBCUniversal, which turned it into a diversified entertainment conglomerate. But in recent years, cord-cutting and the rise of streaming services like Netflix has transformed Comcast’s business, shrinking its cable TV business and eroding its traditional TV channel operation.
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Michael Saylor’s Strategy on Monday said it may sell up to $1.25 billion of bitcoin to bolster its cash holdings as part of its measures to turn around the stock, a major pivot from its long-held philosophy of buying and holding bitcoin. The company also plans to buy back up to $1 billion of its common stock and up to $1 billion of its preferred shares. It said it has about $2.55 billion in cash, which will cover about 17.4 months of its dividend and interest expense payments. Crypto investors have been closely monitoring Strategy due to concerns that any major sales of its massive bitcoin holdings – now $51 billion – could put further pressure on the broader crypto market. Strategy’s stock jumped 13% on Monday after the announcement. It has plunged 40% so far this year, sharper than 31% drop in the price of bitcoin.
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Uber and Alphabet’s Waymo ended their ride-hailing partnership in Phoenix a month ago, according to an Uber spokesperson. The split, first reported by Techcrunch, raises questions about the long-term future of the relationship between the two companies, which both collaborate and compete with each other. Since 2023, Uber has offered rides on Waymo to riders in Phoenix, and Uber has continued to offer Waymo rides in Atlanta and Austin. Waymo is also offering autonomous rides on its own service in cities such as San Francisco. Waymo continued to offer rides to Phoenix residents via its own app, according to Bloomberg. “Phoenix was our first pilot market with Waymo and was an intentionally limited deployment,” the Uber spokesperson said in a statement. “We learned a lot from that collaboration, which helped us to quickly scale Austin and Atlanta.”
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Space launch company Rocket Lab is acquiring satellite company Iridium Communications for $8 billion in cash and stock, a deal that will make it easier for Rocket Lab to compete with SpaceX and its Starlink satellite network. The deal will combine Rocket Lab’s launch vehicles and satellite manufacturing expertise with Iridium’s satellite network and 2.55 million global subscribers. In its press release, Rocket Lab said it plans to continue to scale Iridium’s satellite network and explore new markets. Rocket Lab has made a number of smaller acquisitions recently, including of robotics company Motiv in May and laser optical communications company Mynaric in April. Shares of Iridium jumped more than 23%, while Rocket Lab’s stock climbed as high as 14% on Monday morning.
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Taiwanese prosecutors on Monday raided Super Micro Computer’s offices, investigating alleged smuggling of Nvidia AI chips into China through the company’s servers, according to Bloomberg. Taiwan’s Keelung District Prosecutors Office searched the homes of six people and the sites of three companies affiliated with Supermicro, including data center operator Chief Telecom and Supermicro’s distributor Albatron Technology, Bloomberg reported. The probe stems from allegations that Supermicro servers carrying Nvidia chips were shipped to China using falsified documents and shell companies, despite U.S. export controls. Supermicro’s shares fell as much as 8% in New York trading after the news. In March, U.S. prosecutors charged three Supermicro employees with helping divert at least $2.5 billion worth of Nvidia’s AI servers and chips to China. The Information reported previously the scheme of using shell companies to smuggle Nvidia chips with Supermicro servers into China.
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The Defense Department named venture capitalist Marc Andreessen to the board of a policy committee that provides “independent strategic advice and recommendations” to Defense Secretary Pete Hegseth and other top department officials. Blake Masters, a former Senate candidate who previously served as the chief operating officer at investment firm Thiel Capital, was also appointed to the group. Andreessen and Masters were appointed alongside 13 other people. Andreessen’s venture capital firm Andreessen Horowitz has championed an investment strategy, dubbed American Dynamism, of backing startups developing tech that supports U.S. national interests. It’s invested in drone makers Skydio and Shield AI, autonomous boat company Saronic and missile startup Castelion. And it co-led the $61 billion-valuation investment in Anduril, which this month won a production contract to produce an initial set of its fighter aircraft for U.S. Air Force testing. The Pentagon recreated the board in August after Hegseth cleared the board’s membership in April 2025, citing “new strategic direction and policy priorities of the Department.”
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