SpaceX's S-1 filing reveals that its AI segment operates with deeply negative margins and relies heavily on external financing and counterparties. The AI ecosystem is increasingly interconnected, with large hyperscalers investing in private AI firms that also become major cloud customers, creating a reflexive market dynamic. Elevated valuations, high leverage, and aggressive spending suggest the current AI infrastructure cycle may be a liquidity-driven bubble. This raises concerns about the sustainability of AI growth and valuations in major U.S. tech stocks and semiconductors.
US stock futures rose after a softer-than-expected Consumer Price Index (CPI) report reduced the chances of a Federal Reserve rate hike in July. The market now awaits today's Producer Price Index (PPI) data, which could either confirm easing inflatio...
The FAA has approved SpaceX to resume Starship prototype flights after identifying the cause of a booster failure in May. The next launch, planned for July 16, will be the second flight of the Starship V3 and will carry the first third-generation Sta...
