SpaceX, led by Elon Musk, is preparing for an IPO with a valuation target of $1.75 trillion. Financial data firms S&P Global and MSCI will determine which sector SpaceX fits into, considering its diverse business areas including space launches, satellite internet via Starlink, AI platform Grok, and data centers. Given Starlink's $11 billion revenue in 2025, SpaceX is likely to be classified in the S&P Communication Services sector, alongside companies like Alphabet and Meta. However, it could also fit into the industrials sector due to its space and defense activities. This classification impacts how investors can gain exposure to SpaceX through sector indexes after its public listing.
The Federal Reserve, led by new Chairman Kevin Warsh, is expected to keep interest rates steady in its latest policy decision, with Warsh possibly not participating in the traditional rate outlook 'dot plot.' Meanwhile, President Trump signaled a tou...
RiverFront Investment Group maintains an overweight stance on US technology stocks, arguing that current valuations and earnings quality differ significantly from the 1999 dot-com bubble. Tech stocks trade at about 23x forward earnings versus 40x in ...
Shares of space-related companies like Planet Labs, Intuitive Machines, Firefly Aerospace, and Virgin Galactic dropped sharply amid no company-specific bad news. The selloff is driven by investor capital rotating toward SpaceX, which recently went pu...
SpaceX announced it will acquire Anysphere, the parent company of AI code-writing startup Cursor, for $60 billion in an all-stock deal expected to close in Q3. This move follows SpaceX's record-breaking IPO and aligns with Elon Musk's growing focus o...
Elon Musk's SpaceX recently went public, raising questions about a potential IPO for its Starlink subsidiary. Data from prediction market Kalshi shows only a 7-10% chance of a Starlink IPO announcement before mid-2027. Meanwhile, Musk predicts SpaceX...
