Tuesday: Golden Handshake at Microsoft, SpaceX's Billion-Dollar Deal

Microsoft offers payouts to leave

Microsoft has offered about 60,000 employees a chance to leave the company voluntarily, with money for those who accept. The offer came out on Monday. It is part of a larger cut in jobs.

SpaceX signs a big chip deal

SpaceX, the rocket company led by Elon Musk, signed a financing deal worth about 40 billion US dollars with the investment firm Apollo. Apollo's subsidiary will buy AI chips and server hardware from Nvidia and lease them to SpaceX.

Case against Milei ends

In Argentina, a judge ended the case against President Javier Milei and his sister Karina. The case was about the crypto coin $Libra, which crashed within hours after launch. The judge found no proof of fraud.

Key numbers

• About 60,000 Microsoft staff received the buyout offer, around 27 percent of the company's workforce.
• In April, about 9,000 US staff were offered a similar deal. Reports say about one third accepted.
• SpaceX's financing deal is worth about 40 billion US dollars.
• About 40,000 people bought $Libra. Losses for most buyers totaled several hundred million US dollars.

Why this matters

Big tech firms are borrowing huge sums to pay for data centers and AI chips, and they are cutting jobs to manage costs. Separately, a flaw in widely used PHP software briefly took down large parts of the internet, and experts say attackers may have less time to act after a security update comes out.