The iShares Ethereum Trust ETF (ETHA) fell 11.35% on June 5, 2026, driven by a sharp decline in Ethereum's price and broader macroeconomic factors. A strong US payroll report pushed Treasury yields higher, increasing the opportunity cost of holding non-yielding assets like Ethereum. Additionally, investors are rotating funds ahead of the SpaceX IPO, expected to absorb significant retail capital, pressuring speculative assets like ETHA. The ETF's future movement depends on the SpaceX IPO reception, Treasury yields, and ETHA fund flows, with $1,500 as a key support level for Ethereum.
Joe Lonsdale, co-founder of Palantir, publicly endorsed SpaceX and Anthropic as the leading companies in the AI race, citing their strong momentum and focus. While acknowledging OpenAI's capabilities, he suggested it may be losing ground due to compe...
Ahead of its mega-IPO, SpaceX revealed healthcare ambitions in its SEC filing, highlighting Starlink's role in improving remote healthcare access in underserved areas. The company also envisions manufacturing pharmaceuticals in orbit, leveraging micr...
North Carolina State Treasurer Brad Briner said the state's $200 billion pension fund will avoid investing directly in SpaceX's IPO due to its high $1.77 trillion valuation, which he believes leaves little room for gains. Instead, the fund has invest...
OpenAI has confidentially filed for an IPO with the U.S. Securities and Exchange Commission, potentially marking one of the largest public market debuts. Valued at over $850 billion, OpenAI is preparing to go public possibly in the fourth quarter of ...
The Procure Space ETF (UFO) has jumped about 32% in the past month and 165% over the past year, fueled by gains in small commercial space companies like Virgin Galactic. The ETF focuses on companies deriving most revenue from space activities, making...
