Business stories in Memphis

Darana Hybrid, Inc. has filed two liens against SpaceXAI's Memphis facilities, alleging unpaid work totaling more than $130 million. The claims pertain to work completed between 2024 and 2026.

An Ohio-based industrial contractor alleges that SpaceXAI owes approximately $570 million, which is about 40% of its total bill of $1.5 billion. The contractor's CEO highlighted the financial dispute as the company operates its first data center in Memphis.

Elon Musk's SpaceXAI has reportedly established a fourth data center in the Memphis area, while FedEx is expanding its freight operations at the airport. These developments highlight significant growth in the local tech and logistics sectors.

Pot Headz Coffee has officially opened its doors in Midtown Memphis, serving caffeine without cannabis. Located in the backyard of Curio Commons, this new coffee spot aims to attract local coffee enthusiasts.

Wild Beet Salad Co. has introduced a breakfast menu at its Midtown location, featuring items like mini pancakes and acai bowls. The highlight is the bacon, egg, and cheese sandwich on an English muffin, which has received positive reviews.

SpaceXAI has reached an agreement with the State of Mississippi to reduce operations at its power plant in Southaven. This decision marks a significant shift in the company's energy strategy.

FedEx Corp. is set to enhance its international freight operations at Memphis International Airport with an $18.1 million expansion. The project includes a 51,500 square foot addition to its freight facility, which will be constructed in three phases.

Varsity Spirit has leased a warehouse on Hickory Hill Road, marking a significant expansion of its local operations in the cheerleading and dance team industry. The company, a division of Varsity Brands, is known for manufacturing apparel and conducting training camps.

A new report highlights the potential for Mississippi businesses to enhance workforce retention and economic growth by implementing family-friendly policies. These changes could address the state's low workforce participation and ongoing population decline.

SpaceXAI, a company founded by Elon Musk, has opened a new data center in Memphis called 'Minihard.' This development highlights the growing tech presence in the region.

International Paper reported second-quarter earnings of 4 cents per share, surpassing expectations despite an 11.3% drop in net sales year-over-year. The company is currently undergoing a significant restructuring.

Memphis Escape Rooms is set to open a new location in Bartlett, taking over the space previously occupied by Bluff City Escape Rooms. This move comes as Bluff City closes its doors after a decade of operation.

Entergy Arkansas is proposing its first rate increase in ten years, prompting criticism from customers regarding transparency. The request has sparked discussions about the impact on local residents and businesses.

Cheffie's Cafe in Collierville will close its Schilling Farms location on July 31, 2026, after operating for nine years. The restaurant is known for its salads, sandwiches, and soups, but will continue its catering services at another location.

The Liquor Store introduces a new weekday morning special called 'Grumpy Hour,' offering a breakfast entree and coffee for just $10. This deal is available from 7:30 a.m. to 9:30 a.m., excluding steak and eggs.

FedEx is set to expand its Memphis hub with an $18 million investment aimed at boosting international freight operations. The project will be executed in three phases and is expected to be completed by summer 2028.

FedEx Corp. has announced layoffs affecting almost 150 employees at two facilities in the St. Louis area. This decision comes as part of the company's restructuring efforts.

FedEx is set to expand its Memphis Hub by adding an additional half-million square feet to its International Priority Freight Shipment Facility. This expansion will enhance the facility's capacity, bringing the total square footage to over 500,000 square feet.

The 19th annual Economic Development Forum, themed 'Power Forward: Built for Momentum. Designed for Movement,' will take place from Aug. 25-27 at the Renasant Convention Center. The event aims to enhance networking and matchmaking opportunities for entrepreneurs and corporate leaders, focusing on leveraging Memphis's advancements in AI and robotics.

Tennessee is one of five states selected as a finalist to host a Nuclear Lifecycle Innovation Campus. This initiative could bring significant investments, tax revenue, and job creation to the state.

Arkansas is set to kick off its annual sales tax holiday on August 1, providing residents with a tax break on qualifying items. This event not only benefits back-to-school shoppers but also encourages broader consumer spending.

As public opposition to data centers rises in Mississippi, the economic incentives available to these companies are being questioned. The state offers tax exemptions to attract data centers, but critics argue against their necessity.

Barefoot Bride is set to reopen in Cooper-Young this August, leasing a renovated space that was formerly a Berkshire Hathaway office. The building, a historic house from 1903, has been updated to accommodate the bridal shop's needs.

As summer spending increases, it's crucial to review your budget and financial goals. This article provides practical tips to help you stay on track with your finances during the summer months.

Following a fire that closed their Bartlett location, Chef Flavas owners Chris and Regina Moore are shifting focus to their wholesale dip and catering services. Both Downtown and temporary locations are now closed as they prepare to relaunch stronger.

Dave's Hot Chicken is set to open its second Tennessee location on Poplar Avenue and Highland before the year's end. The new restaurant will be situated in the Poplar Plaza Shopping Center.

Nike is considering closing its distribution centers off Lamar and Shelby Drive in Memphis, potentially affecting hundreds of jobs. The transition to a new distribution center in Atlanta is set to occur in phases, with the Shelby location closing by 2028.

Following the death of FedEx founder Frederick W. Smith, his family is taking a more strategic approach to their investments and charitable contributions. They recently announced a historic $50 million challenge grant for the Memphis Zoo.

Dave's Hot Chicken, a franchise from Pasadena, California, is set to open a new location in Poplar Plaza Shopping Center by the end of the year. The restaurant will occupy a 2,548-square-foot space previously home to Spin Street.

FedEx Corp. is laying off more than 150 employees at various locations in New York as part of its Network 2.0 initiative aimed at streamlining operations. This decision follows earlier layoffs announced earlier this year in other states.