Wall Street Breakfast Intel names familiar face to lead
Mar 13, 2025
Intel appoints a new CEO, leading to an immediate stock surge. Spirit Airlines emerges from bankruptcy with a bold plan for a premium rebrand and a significant equity investment. Meanwhile, a NASA mission faced delays, affecting the return of astronauts from the ISS. The discussions also touch on market trends and economic indicators that are shaping the airline and tech industries.
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New Intel CEO
- Intel appointed Lip-Bu Tan, former board member and Cadence CEO, as its new chief executive.
- This follows the abrupt retirement of former CEO Pat Gelsinger in December 2024.
Crew-10 Launch Delay
- NASA and SpaceX delayed the Crew-10 mission due to a hydraulic system issue.
- This mission aims to return astronauts Butch Wilmore and Sunita Williams, stranded for nine months.
Spirit Airlines Post-Bankruptcy
- Spirit Airlines exited bankruptcy with less debt and increased financial flexibility.
- They secured a $350 million investment and aim to relist on a stock exchange soon.