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Global macro investor Raoul Pal sees crypto hitting $100 trillion in a decade, as Galaxy CEO Novogratz admits nobody cares about crypto right now due to AI shift.
SpaceX is expected to make its stock market debut on Friday in what could become the largest IPO in history. Here's how retail investors in Europe can participate and the risks they should consider.View on euronews
10% That's roughly how much of the endowment of the University of North Carolina system is tied up in SpaceX, according to people familiar with the endowment. It's one of many schools with sizable holdings in Elon Musk's rocket company.
There's a much larger lesson to be learned from this IPO and similar ones expected to happen.
Investors are being offered a new AI investment opportunity.
MANGOS typically refers to artificial intelligence leaders such as Meta, Anthropic, Nvidia, Google, OpenAI, and SpaceX.
An already interesting IPO story just became even more intriguing.
Morningstar said SpaceX's bull-case "Moonshot" scenario, involving successful orbital data centers and AI satellites, has only a 7% chance of materializing.
A single business segment accounts for most of SpaceX's growth potential.
It's not optional, but the impact could be smaller than it seems.
SINGAPORE, June 9 (Reuters) - SpaceX's $75 billion IPO is fuelling a frenzy among investors in Asia for ETFs and supply chain partners linked to Elon Musk's rocket company that are likely to benefit from the blockbuster deal. Shares of satellite and rocketry-related companies worldwide have surged as everything from Starlink component manufacturers to ETFs that own private shares in SpaceX draw strong demand.
Barclays cut its ASTS price target to $60 from $65, citing launch delays and an unattractive risk-reward profile.
OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, the third in a powerhouse trio of artificial intelligence companies racing to Wall Street debuts.View on euronews
AI coding startup Cursor, which SpaceX has an option to buy for $60 billion, will open its European headquarters in London and hire some 200 staff, an executive told Reuters, as demand in the region grows for tools that automate software development. Elon Musk's SpaceX, which is readying for a closely watched IPO this week, said in April it had secured an option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for their new partnership, as it pushes deeper into the lucrative market for AI developer tools. San Francisco-based Cursor chose London for its deep talent pool and access to multilingual workers, allowing the company to support multiple European markets from a single base, said Ismail Elmas, Cursor's senior vice president for EMEA.
SpaceX expects to go public this month at a $1.77 trillion valuation.
With the company set to IPO at a $1.77 trillion valuation, expectations surrounding SpaceX are massive.
<body><p>STORY: OpenAI has filed for a U.S. share listing.</p><p>That was according to a statement from the company on Monday.</p><p>The ChatGPT-maker did not disclose the size or terms of the offering, and said no timeline had yet been set.</p><p>Reuters has previously reported that the firm is targeting a valuation of $1 trillion, with a market debut as early as September.</p><p>At that valuation, OpenAI would set the stage for three trillion-dollar IPOs in quick succession - posing a massive test of investor appetite for high-growth tech stocks.</p><p>Elon Musk’s SpaceX will be first out of the gate this week.</p><p>It’s set for a potentially record breaking listing that could see it raise $75 billion at a valuation of $1.75 trillion.</p><p>Then there is OpenAI rival Anthropic, the outfit behind Claude Code.</p><p>It said earlier in June that it too had filed for a listing, and has only recently done a funding round that valued it very close to the trillion mark.</p><p>If that leaves OpenAI to go last, one analyst said there could be concern over whether investors have the appetite for three such enormous IPOs in quick succession.</p><p>Others have expressed concern there could be little money left over for smaller deals.</p><p>Critics also ask if the ChatGPT firm can sustain its meteoric growth.</p><p>While OpenAI has said its revenue is growing fast, it has also told investors it doesn’t expect to be profitable before 2030. </p><p>It also faces a growing host of competitors, not least IPO rival Anthropic.</p></body>
As Anthropic races toward what could become one of the most closely watched IPOs this year after SpaceX, co-founder Jack Clark is warning that the artificial intelligence industry may need something it currently lacks: a brake pedal. Speaking to BBC...
This is important information if you plan to buy at the IPO.
AI firm Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CNBC reported on Monday, citing an interview with CEO Aravind Srinivas. • "Agnostic of these two companies, we were planning for something in 2028, so that still remains the case," Srinivas told CNBC in an interview. • OpenAI confidentially filed for a U.S. IPO earlier on Monday, following Anthropic's filing last week.
SpaceX CEO Elon Musk said on Monday that building orbital AI data centers is not a difficult engineering challenge as the company prepares for its blockbuster IPO this week. The billionaire said that much of the required technology already exists in its current Starlink satellite network. "Part of what we want to convey here is that there is not some magic that is necessary, that doesn't exist," Elon Musk said in a video discussion released by the company.
June 8 (Reuters) - SpaceX CEO Elon Musk said on Monday that building orbital AI data centers is not a difficult engineering challenge as the company prepares for its blockbuster IPO this week.
Mirae Asset Securities Co Ltd (XKRX:006800) achieves unprecedented income growth and outlines ambitious plans for global market penetration despite some challenges.
SpaceX is among the most widely held investments across colleges and universities, endowment executives say, likely making the rocket company’s coming IPO one of the great windfalls for American endowments. Many schools’ investments in SpaceX make up a low-single-digits percentage of their endowments. A handful of schools have outsize positions that make up a tenth or more of their endowments, unusual scenarios for institutions that typically aim to have well-diversified investment portfolios.
Such is life on Wall Street at the dawn of the artificial-intelligence build-out. Tech companies are hungry for cash to invest in data centers, and investors are forking it over through all possible means, in all parts of the globe—a flurry of fundraising that has mostly supported markets by powering technological advances, even as it tests their ability to absorb it all. Alphabet’s announcement that it would raise $85 billion of equity was just the latest example.
Every company gets one shot to redefine what it is. Most never take it. The ones that do tend to look unrecognizable a few years later, and the market either rewards the reinvention or punishes the nerve. The artificial intelligence (AI) boom has turned raw computing power into the most valuable ...
<p>The shine has clearly worn off of bitcoin if the recent price crash is any indicator. Find out what industry experts think this says about the state of the market and investors headed into the summer months on this episode of ETF Zoo. </p>
Elon Musk joined ASML Holding’s (ENXTAM:ASML) recent technology conference virtually to discuss chip manufacturing ambitions tied to the proposed Terafab project. Musk and ASML executives held direct talks about supplying advanced lithography equipment for a planned Terafab chip fabrication facility supporting Tesla, SpaceX and xAI. The invitation triggered internal pushback from some ASML employees, who raised concerns about Musk’s involvement and its implications for the company’s values...
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