Wednesday, 20 May 2026
Today’s business headlines capture money flowing into both old and new media, as well as the infrastructure of the next financial era. James Murdoch is reportedly poised to buy a significant slice of Vox Media, including New York Magazine, Vox.com and its podcast network, in a deal worth well over $300 million, underscoring renewed appetite for premium digital publishing. At the same time, SpaceX has taken a far bigger step toward public markets by filing its S-1 with the SEC, opening the books on one of the world’s most closely watched private companies and setting up what could become a historic IPO. In Europe, the race to modernize finance is accelerating too: the Qivalis consortium has grown to 37 banks across 15 countries as it prepares a euro-backed stablecoin aimed at challenging the dominance of dollar-linked digital tokens.
Recap for Wednesday, 20 May 2026
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