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Marketplace Morning Report

What's behind all the layoffs?

Marketplace Morning Report

Marketplace

News, Business

4.5927 Ratings

🗓️ 3 February 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

Layoff announcements have been coming fast and furious: 16,000 at Amazon; up to 30,000 at UPS; more at Dow Chemical, Pinterest, T-Mobile, and more. These latest workforce reductions won’t show up in the January jobs report, but they do suggest a labor market under increasing stress. This morning, we'll dig in. But first, tech companies like Google are considering putting power-hungry data centers used to fuel AI into space. What would that look like?

Transcript

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0:00.0

A huge merger today puts the focus on powerful computers in orbit.

0:06.8

I'm David Brancaccio in Los Angeles.

0:09.2

Elon Musk's SpaceX has just engulfed Elon Musk's AI company to form an outfit the company values at $1.5 trillion.

0:18.1

SpaceX is the rocket and satellite company that is a mature large-scale contractor.

0:23.0

XAI has more of a startup flavor and does the controversial GROC chatbot. The plan is to launch the

0:29.3

combined firm on the public stock market perhaps later this year. One place of potential synergy,

0:34.4

Musk has talked about putting power-hungry data centers required for burgeoning

0:38.3

artificial intelligence processing in space to use solar power up there and frigid space for cooling.

0:45.0

We don't know how to do this now, but other companies are experimenting.

0:48.4

Over at rival Google, there's a project called Suncatcher that plans to launch a test

0:53.0

platform into orbit early next year. I spoke to Project Suncatcher that plans to launch a test platform into orbit early next year.

0:55.5

I spoke to Project Suncatcher's senior director, Travis Beals, about his team's work.

1:00.5

Good morning.

1:01.3

Good morning, David.

1:02.3

Let's go through some of the benefits of this, crunching lots of numbers in orbit.

1:06.8

So I'll start with one.

1:08.2

No cloudy days if you're using solar power from space, right? You'll have pretty good access to the sun.

1:14.5

That's right. Yes. We will be launching the satellites into what's called a dawn dusk sun synchronous orbit. And the great thing about that is basically the sun always shines there.

1:26.5

We know that terrestrial

1:27.8

data centers, the ones that we drive past, run hot. It costs money on Earth to chill them out.

1:34.8

In space, that's, I suppose, different. It is different. The way it works is you radiate the heat

1:41.1

away out into space. So if you've ever stood beside, say, a campfire or a radiator or something like that,

...

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