💼 Business & Startups

May 23rd, 2026

Today's top 3 stories, curated by Daily Direct.

Fortune

Elon Musk’s SpaceX IPO filing just told us what business he’s betting on for the future—and it’s not rockets

SpaceX's IPO filing reveals the company is repositioning itself as an AI-driven enterprise, shifting its core identity well beyond its rocket-launching origins. The move puts it in direct competition with tech giants like Google, Amazon, and Microsoft rather than traditional aerospace rivals. For investors, this rebranding signals where Musk sees the real money — and the real fight — in the years ahead.

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Fortune

How Grab’s CTO sees the superapp’s push into physical AI and automated driving—and why he uses his competitors’ robots in the office

Grab's Chief Technology Officer is embracing a "1+n" hardware strategy, deploying rival companies' robots inside its own offices to stay sharp on the competitive landscape. The Southeast Asian superapp is expanding beyond its digital roots into physical AI and autonomous vehicle technology. By deliberately running competitors' hardware alongside its own, Grab is betting that internal exposure to the best available tech will sharpen its edge rather than breed complacency.

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Fortune

Millions of business owners are about to retire. They should sell to their employees

A massive generational shift is reshaping American business ownership as Baby Boomer entrepreneurs exit the workforce, putting trillions in business assets in play. Employee ownership models — including worker cooperatives and Employee Stock Ownership Plans — offer a proven alternative to private equity buyouts or outright closures. With bipartisan political support, now is the moment to scale these structures and ensure the wealth built by these businesses stays in the hands of the people who helped build it.

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