Welcome to Seeking Office's Wall Street Breakfast, where we cover the top news for investors

every morning. Good morning. Today is Thursday, April 16th, and I'm your host, Kim Kahn, filling in for

Julie Morgan. Ford Motor said it's creating a new end-to-end organization, product creation and

industrialization, combining its

advanced technology and global industrial teams. The move comes alongside a leadership transition.

Doug Field, Ford's chief EV, digital, and design officer, will depart next month after nearly

five years. Kieran Cahill, vice president of manufacturing for Europe and IMG, will retire after 37 years with the company.

Ford says the restructuring is aimed at scaling next-generation vehicles and software as part of its Ford Plus strategy and long-term target of an 8% adjusted EBIT margin by 2029.

The new unit will be led by C.O. Kumargo-Holtra and is designed to streamline decision-making

and better integrate EV, digital, design, and manufacturing operations. Ford added that its

California-based Advanced Electric Vehicle Development Team will continue leading future programs,

including work on the Universal Electric Vehicle platform. Google's investment in SpaceX could be worth more than $100 billion

if the space company goes public at a valuation near $2 trillion, as potentially expected.

Google LLC, wholly owned by Alphabet,

disclosed in an Alaska regulatory filing that its stake has been diluted

to about 5% following the SpaceX XAI merger

down from 6.11%. But even at the lower ownership level, the holding would be worth billions of

dollars in a record-setting IPO scenario. A public offering could also generate massive gains for

early investors, including Fidelity's Contra Fund, Founders Fund, and SpaceX President

Gwynne Shotwell. CEO Elon Musk, who holds more than 40% of the company, could see his net worth

surge significantly if the valuation materializes. Some investors are also watching potential

retention risks following a liquidity event. Pitch books Franco Grande told Bloomberg that questions remain about whether certain

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